The chapter provides an overview of the introduction and development of the Law and Economics (L&E) approach in Peru. To this end, it outlines a periodization of its evolution based on four major phases: the initial attempts, the boiling period, the peak, and the subsequent stabilization. Criticisms directed at Peruvian proponents of L&E are then presented and analyzed. This analysis closely follows a book authored by Castillo Freyre and Vásquez Kunze, which stands as the most systematic critical examination of Peruvian L&E to date. Finally, the chapter offers a balance of perspectives and identifies future directions for the approach’s development.