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Topic: Law and economics


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In the News (Sun 23 Jun 19)

  
  Law and Economics, by David D. Friedman: The Concise Encyclopedia of Economics: Library of Economics and Liberty
The economic analysis of law deals with legal rules, whether made by legislatures or by courts, from this second viewpoint—not as a way of handing out rewards and punishments to those who deserve them, but as a system of incentives intended to affect behavior.
So one implication of economic analysis of law is a presumption in favor of freedom of contract—the legal rule permitting parties to a contract to set any terms mutually acceptable and have them enforced by the courts.
In contract law, as in many other areas of law, economic analysis affects not only conclusions about what the law should be, but the whole form of the arguments on which such conclusions are based.
www.econlib.org /library/Enc/LawandEconomics.html   (1580 words)

  
 Law and economics - Wikipedia, the free encyclopedia
Law and economics, or economic analysis of law, is the term usually applied to an approach to legal theory that incorporates methods and ideas borrowed from the discipline of economics.
Within the legal academy, law and economics has been criticized on the ground that rational choice theory in economics makes unrealistic simplifying assumptions about human nature (see rational choice theory (criminology)); Posner's application of law and economic reasoning to rape and sex ISBN 0-674-80280-2 may be an example of this.
Two of the leading Law Schools focusing on Law and Economics are the University of Chicago Law School, whose distinguished faculty includes Judge Richard Posner and Ronald Coase, and the George Mason University School of Law, whose faculty includes Nobel winner Vernon Smith, and perennial Nobel finalist, Gordon Tullock.
en.wikipedia.org /wiki/Law_and_economics   (1509 words)

  
 GMU School of Law: Law and Economics Program
George Mason University is internationally recognized as a leading center of research in law and economics, constitutional political economy, and public choice theory.
GMU has a distinguished record in the field of law and economics, being the academic home of 3 out of 10 of the scholars who have been recognized as "founding fathers" of law and economics (Palgrave, 1998) and two Nobel Prize economists: James M. Buchanan in 1986 and Vernon L. Smith in 2002.
The School of Law is closely affiliated with several other GMU research centers that focus on the study of economics, regulation, public choice, liberty, and free markets: the James M. Buchanan Center, the Center for Study of Public Choice, the Institute for Humane Studies, and the Mercatus Center.
www.law.gmu.edu /econ/index.php   (794 words)

  
 George Mason University School of Law: Law and Economics Joint Degrees
The School of Law teaches the wide range of traditional topics that form the bulk of modern practice, but in most courses a focus on quantitative and economic aspects of legal problems enhances the traditional doctrinal approach.
The LL.M in Law and Economics offered at the School of Law is a natural outgrowth of the prominence that the Law School has achieved in this area and will be the only advanced degree in law and economics offered anywhere in the United States.
Through the Levy Fellowship Program in Law and Liberty George Mason Law School encourages young scholars to enter the academic field of law and economics by sponsoring their pursuit of a J.D. degree at this Law School.
www.law.gmu.edu /econ/jointdegrees.html   (1843 words)

  
 What is Law and Economics?
"Law and economics" is the economic analysis of the law.
All government policy is rooted in laws so law and economics encompasses the economic analysis of regulation and public policy more generally.
The field of law and economics has become so important in the United States that many of the top law schools have PhD economists on their staff.
www.leanz.org.nz /SITE_Default/SITE_about/default.asp   (253 words)

  
 Business, Law and Economics
This course is a comprehensive survey of bankruptcy law, its processes, policies and politics, with attention to several topics, including bankruptcy courts, voluntary and involuntary bankruptcy, fraudulent transfers, rehabilitation, and reorganization under Chapters 11, 12 and 13.
Economic analysis provides one of the major theoretical perspectives on the study of law in American universities.
This practice-oriented advanced corporate and securities law seminar is designed to provide students with an understanding of the business and transactional context in which various legal issues arise in advising the venture capital-backed emerging growth company.
www.law.berkeley.edu /admissions/courses/buslaw.html   (1433 words)

  
 Law and Economics [Internet Encyclopedia of Philosophy]
Like other contemporary philosophical theories of law, the law and economics movement purports to offer a general theory of the nature of law as well as conceptual tools for the clarification and improvement of its practices.
In addition, advocates of the application of economic analysis of law claim that other jurisprudential traditions seem to be unable to make: that the analytic tools offered by law and economics has encouraged the further creation of other productive areas for analyzing law (see Posner 1998).
It is often described as the application of economic models of decision-making and their results (such as Arrow's Theorem) to the issues that traditionally occupy political science.
www.iep.utm.edu /l/law-econ.htm   (3454 words)

  
 Encyclopedia of L&E Introduction
The fact that economic analysis of law is an interdisciplinary approach means that the specialized bibliographies in economics (like Econlit) or the specialized sources on law (like Lexis or Westlaw) give a very incomplete overview.
The classification system of Econlit (where K is 'law and economics') was in our opinion no perfect alternative either, since it is not detailed enough and not much common-law oriented to satisfy continental lawyers.
It is more correct from an economic viewpoint to consider it as a regulation of contracts between physicians and patients (therefore it is treated in the volume on the regulation of contracts and not in the general part on tort law).
users.ugent.be /~gdegeest/generali.htm   (1016 words)

  
 Seminar in Law and Economics : Instruction : IU Law   (Site not responding. Last check: 2007-09-11)
Dau-Schmidt, An Economic Analysis of the Criminal Law as a Preference Shaping Policy, 1990 Duke L. Coleman, Crime, Kickers, and Transaction Structures in Nomos XXVII Criminal Justice 313 (J. Pennock and J. Chapman eds.
Goodman, An Economic Theory of the Evolution of the Common Law, 7 J. Leg.
Coleman, The Economic Analysis of Law, in Ethics, Economics, and the Law, (J.R. Pennock and W.J. Chapman, eds., 1982), reprinted in K and B, 102-22.
www.law.indiana.edu /instruction/kdauschm/3717/syllabus.shtml   (1981 words)

  
 Law & Econ Prof Blog
The scholars at the CUPL who staff the Center for Law and Economics were warm hosts and marvelously well-trained in law and economics.
Similarly at Bei-Da: the students all knew law and economics well, spoke English beautifully, and clearly thought that law and economics was one of the most important aspects of their legal education.
And all of the law students are interested in law and economics.
lawprofessors.typepad.com /law_econ   (1299 words)

  
 Law and Economics, Colloquium Series, Programs and Centers, Faculty & Research, School of Law, Northwestern University
This is an advanced seminar that brings together outside scholars, resident faculty, and Northwestern students for discussion of cutting-edge research papers in the law and economics tradition.
On just over half of the weeks, a workshop will be held at which a leading scholar will present a paper growing out of his or her research in the law and economics tradition.
The Law and Economics Colloquium is sponsored by the Searle Center.
www.law.northwestern.edu /colloquium/law_economics   (430 words)

  
 Center for Law and Economics | Centers & Programs | UCLA Law
Many of the founders of law and economics have made UCLA their academic home.
The mission of the UCLA School of Law’s Center for Law and Economics is to foster academic scholarship exploring how economics can help us better understand and improve our laws.
Law and economics papers from the UCLA Law faculty.
www.law.ucla.edu /home/index.asp?page=2132   (270 words)

  
 Salon 21st | Tipping the antitrust scales
The campaign, largely bankrolled by politically conservative institutions such as the John M. Olin and Sarah Mellon Scaife foundations, includes massive financial support for law and economics programs at elite law schools, as well as the funding of "public interest" law firms that consistently pursue pro-corporate agendas.
Law and economics is a complex and wide-ranging set of legal theories that, upon close examination, resists easy pigeonholing to one particular political ideology.
Many legal theorists now consider "the economic analysis of law" to be a tool that comes with no inherent political bias and that should be a natural and fundamental part of any law school's curriculum.
archive.salon.com /21st/feature/1999/03/cov_17feature.html   (707 words)

  
 Amazon.com: Economics and the Law: Books: Steven G. Medema,Nicholas Mercuro   (Site not responding. Last check: 2007-09-11)
Law and economics unquestionably is the most successful form of intellectual arbitrage in the history of jurisprudence.
By reminding us that law and economics is not a homogeneous field, and providing a fair commentary on each of the major traditions within the larger discipline, they offer an excellent introduction to this important area of jurisprudence.
Criticism of law and economics has been a major project of CLS scholars, but CLS scholarship has had no influence of any significance on any of the dominant strains of law and economics thinking.
www.amazon.com /Economics-Law-Steven-G-Medema/dp/0691005443   (2110 words)

  
 NYU School of Law - Center for Law&Economics
At New York University School of Law economic analysis of law is taught throughout the standard curriculum.
In addition the standard courses and the law and economics colloquia, the law school offers advanced courses in economic analysis.
NYU School of Law students can also cross-register to courses at the economics department, the Stern School of Business, the politics department, and the Wagner Graduate School of Public Service.
www.law.nyu.edu /centers/laweconomics/specialtycourses   (89 words)

  
 Seminar in Law and Economics (L713) : Instruction : Indiana Law   (Site not responding. Last check: 2007-09-11)
Students who undertake this option will write a term paper, approximately 30-35 pages in length, on a law and economics topic of their choice.
Law, Economics, and Philosophy (M. Kuperberg and C. Beitz ed.1980) [hereinafter K and B] All articles or readings not found in the above sources can be found on reserve in the library.
Shavell, Criminal Law and the Optimal Use of Non-monetary Sanctions as a Deterrent, 85 Colum.
www.law.indiana.edu /instruction/kdauschm/4056/syllabus.shtml   (1992 words)

  
 Amazon.co.uk: Law and Economics: Books: Robert Cooter,Thomas Ulen   (Site not responding. Last check: 2007-09-11)
Following an overview of economic analysis tools for law students and legal analysis tools for economics students, uniquely paired chapters offer a combination of clear theoretical analysis supported by practical application.
Economic theories in four core areas of the law are used to explain and analyze topics, illustrating how microeconomic theory can be used to increase understanding of the law and improve public policy.
Law and economics has become a central organizing philosophy in US legal education.
www.amazon.co.uk /Law-Economics-Robert-Cooter/dp/0201770253   (514 words)

  
 Amazon.com: Law and Economics (4th Edition) (Addison-Wesley Series in Economics): Books: Robert Cooter,Thomas Ulen   (Site not responding. Last check: 2007-09-11)
Their claim is simply that law and economics have a lot to learn from one another.
Because law and economics is a discipline in its infancy, a book of this nature has to tread the fine line between serving as a distanced text and engaging in the dialogue of current research.
Law and economics is a branch of jurisprudence that aims to frame legal questions in terms of economic efficiency.
www.amazon.com /Law-Economics-4th-Addison-Wesley/dp/0201770253   (1829 words)

  
 HLS : Course Groupings - Law and Economics   (Site not responding. Last check: 2007-09-11)
It is also a prerequisite for the evaluation of legal policy, and under the economic approach, the desirability of legal rules is judged by taking into account their effects, using well-articulated notions of the social good.
The topics are not necessarily related to one another; the educational goal of the seminar is to acquaint participants with the range of research in economic analysis of law.
At another seminar, the Research Seminar in Law and Economics (meeting approximately every other week in Fall and in Spring), the research that is presented is typically of the type published in professional economics journals, and participants in the seminar should generally have substantial familiarity with economics.
www.law.harvard.edu /academics/courses/groupings/economics.php   (564 words)

  
 University of Chicago Law School > John M. Olin Program in Law & Economics
The John M. Olin Program in Law and Economics is one of the many interdisciplinary traditions that have thrived at the Law School.
Because economics provides a tool for studying how legal rules affect the way people behave, knowing what kinds of insights economics can offer to the analysis of legal problems has become an important part of a lawyer's education.
Nobel laureate Ronald Coase, whose paper on the problem of social cost started law and economics as a distinct discipline, is a member of the Law School faculty.
www.law.uchicago.edu /Lawecon/index.html   (272 words)

  
 UofToronto Law and Economics Programme
The Law and Economics Programme offers students special study and research opportunities in a broad range of subject areas having a significant law-economics interface.
Instructors from the Faculty of Law, the Department of Economics and the Faculty of Management participate in the programme.
In addition to the law and economics perspective introduced in a variety of courses, the programme brings to the Faculty leading law and economics scholars through the Law and Economics Workshop and the Distinguished Visiting Professorship in Law and Economics.
www.chass.utoronto.ca /economics/lawec.html   (291 words)

  
 University of Chicago Law School > Law and economics links
The Legal Scholarship Network's Law and Economics Abstracts The LSN is an affiliate of the Social Science Research Network, like the Financial Economics Network (FEN), the Accounting Research Network (ARN) and the Economics Research Network (ERN).
Faculty of the Law School may subscribe to any or all of the LSN and ERN journals; contact Judith Wright.
Law and Economics Working Papers from the Law School, The University of Chicago.
www.law.uchicago.edu /Lawecon/links.html   (971 words)

  
 Penn Law - Institute for Law & Economics
Founded in 1980, the Institute for Law and Economics at the University of Pennsylvania has an ambitious agenda that is more timely than ever.
The study of law and economics remains the most rapidly growing movement in legal scholarship and jurisprudence.
In a world in which complex legal rules govern economic relationships, the tools of economics provide a way of asking whether the law creates appropriate incentives to encourage actors to maximize social welfare.
www.law.upenn.edu /ile   (267 words)

  
 ANU COLLEGE OF LAW - Centre for Law and Economics
Dr George Barker is overall Director of the Centre for Law and Economics and Associate Professor at The ANU.
He is current President of the Australian Law and Economics Association, the past CEO, and Board member of LECG Asia Pacific Ltd and co-founder of Celtic Pacific NZ Ltd, and Upstart Investments.
The Australian Law and Economics Association (AUSTLEA) promotes the economic analysis of legal rules and institutions and serves as a forum for the exchange of information, analysis and ideas.
law.anu.edu.au /cle   (339 words)

  
 The Progress & Freedom Foundation - IRLE
The Institute for Regulatory Law and Economics (IRLE) is dedicated to enhancing regulatory decisionmaking through educating regulators about the legal and economic foundations of regulation.
The Institute emphasizes the law and economics issues that arise in closely-regulated network industries.
The purpose is to teach economic principles and concepts, and to apply them to regulatory situations in network industries.
www.pff.org /irle   (413 words)

  
 Law and Economics Workshop
Speakers include prominent scholars in the field of law and economics from around the nation and the world.
Joint seminar with Berkeley Center for Law and Technology Rm 145 Boalt.
Timur Kuran, University of Southern California, Dept. of Economics, "The Beginnings of Economic Modernization in the Middle East: Legal Impact of Unequal Trade Treaties".
repositories.cdlib.org /berkeley_law_econ   (297 words)

  
 Law and Economics
Timur Kuran: Islam and Mammon: The Economic Predicaments of Islamism
I have not a whisper of a shadow of a doubt that the typical US law school and university faculty are overwhelmingly politically left-leaning.
Why the center of gravity of law school and university faculties generally should be so far to the left of the general electorate remains a mystery to me.
lawandeconomics.typepad.com /law_and_economics   (3584 words)

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