Peter Huang recently published a review of Leo Katz’s “Why
the Law Is So Perverse” in 63 Journal of Legal Education 131 (you can download the
paper via SSRN here).  I have only
briefly skimmed the paper, but I believe there is much of value here for
corporate law scholars. The following
excerpt is from the introduction:

This book is an imaginative tour of legal paradoxes that are
related to the field of social choice, which studies the aggregation of
preferences. In a non-technical and accessible way, Katz discusses many complex
and subtle ideas, using the language of legal cases, doctrines and theories. As
he notes on page 6, some legal scholars have applied social choice theory to
analyze diverse and fundamental legal issues. Two recent examples are how
social choice illuminates the reasonable person standard in torts and other
areas of law and the notion of community standards underlying the doctrine of
good faith performance in contract law…. Katz’s book explicates four fundamental legal paradoxes as
the logical consequence of the perspective that legal doctrines entail
multi-criteria decision-making. This means that each of these foundational
doctrines is logically related to a voting paradox and its

…