‘The Economics of the Marriage Contract: Theories and Evidence,’ by Niko Matouschek and Imran Rasul
Marriage is a natural subject for law & economics scholars. From Gary Becker’s “A Treatise on the Family” (1981) to Margaret Brinig’s “From Contract to Covenant” (2000), scholars have expanded our understanding of romantic love by examining it through an economic lens.
Some object that bringing law & economics into marriage risks coarsening and cheapening this fundamental institution. That concern is noble, but it overlooks history and mistakes scholarship for advice. Marriage’s deep association with romantic love is itself partly the result of a…
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