 Framed this way, it is not clear that economic analysis of law does provide a comprehensive theory of law. The questions posed above have rarely been addressed clearly and explicitly by economic analysts of law. The early debates conflated theories of adjudication with the value of legality; subsequent debates have largely concerned theories of private law rather than of law generally. This essay thus offers both an interpretation of the approach to these five questions implicit in the practice of economic analysis of law and a recharacterization of economic analysis of law generally. 