This article examines the formation and development of the economic and legal direction in law, whichlater received the name economic analysis of law. The purpose of the study is to conceptualize the politicaland legal ideas of Richard Posner on the economic analysis of law. The research methodology includesgeneral scientific methods of historical, systemic analysis and structuring, as well as special legal methodsof formal legal analysis and comparative law. The author emphasizes the key political and legal ideas…