King John And The Barons Negotiated The Magna Carta In 1215. Three Thousand Years Earlier, Hammurabi Enacted His Famous Code. Law Is An Ancient Discipline. By Comparison, Economics Is Young. Adam Smith Laid Its Foundation In 1776 With His Masterpiece, An Inquiry Into The Nature And Causes Of The Wealth Of Nations. Since Then, Economists Have Studied And Influenced Policy On Many Topics. During Most Of That Time, However, Economists Have Not Studied Or Influenced Law, At Least Not In The Sense That Lawyers Use The Term-- Provided By Publisher.