Law and economics, or economic analysis of law, is the application of microeconomic theory to the analysis of law. The field emerged in the United States during the early 1960s, primarily from the work of scholars from the Chicago school of economics such as Aaron Director, George Stigler, and Ronald Coase. The field uses economics concepts to explain the effects of laws, assess which legal rules are economically efficient, and predict which legal rules will be promulgated. There are two major branches of law and economics; one based on the application of the methods and theories of neoclassical economics to the positive and normative analysis of the law, and a second branch which focuses on an institutional analysis of law and legal institutions, with a broader focus on economic, political, and social outcomes, and overlapping with analyses of the institutions of politics and governance.
The University of Chicago Law School is the law school of the University of Chicago, a private research university in Chicago, Illinois. It employs more than 180 full-time and part-time faculty and hosts more than 600 students in its Juris Doctor program, while also offering the Master of Laws, Master of Studies in Law and Doctor of Juridical Science degrees in law.
Helen Elizabeth Garrett, commonly known as Elizabeth Garrett or Beth Garrett, was an American professor of law and academic administrator. On July 1, 2015, she became the 13th president of Cornell University—the first woman to serve as president of the university. She died from colon cancer on March 6, 2016, the first Cornell president to die while in office.
Michael William McConnell is an American jurist who served as a United States circuit judge of the United States Court of Appeals for the Tenth Circuit from 2002 to 2009. Since 2009, McConnell has been a professor and Director of the Stanford Constitutional Law Center at Stanford Law School. He is also a senior fellow at Stanford University's Hoover Institution, and Senior Of Counsel to the Litigation Practice Group at Wilson Sonsini Goodrich & Rosati. In May 2020, Facebook appointed him to its content oversight board. In 2020, McConnell published The President Who Would Not Be King: Executive Power under the Constitution under Princeton University Press.
Thomas H. Jackson is an American legal scholar who was the ninth president of the University of Rochester, preceded by Dennis O'Brien. Jackson held the position of president from 1994 until he formally stepped down on June 30, 2005, and was succeeded by Joel Seligman. Jackson's tenure was marked by the controversial "Renaissance Plan", which cut undergraduate enrollment while making admission more selective, and cut several graduate programs. He holds the position of Distinguished University Professor and has faculty appointments in the department of political science and in the William E. Simon Graduate School of Business Administration at the University of Rochester. Jackson is known as one of the nation's foremost experts on bankruptcy law.
Eric Andrew Posner is an American lawyer and legal scholar. As a law professor at the University of Chicago Law School, Posner has taught international law, contract law, and bankruptcy, among other areas. He is the son of retired Seventh Circuit Judge Richard Posner.
The New York University Law Review is a bimonthly general law review covering legal scholarship in all areas, including legal theory and policy, environmental law, legal history, and international law. The journal was established in 1924 as a collaborative effort between law students and members of the local bar. Its first editor-in-chief was Paul D. Kaufman. Between 1924 and 1950, it was at various times known as the Annual Review of the Law School of New York University and the New York University Law Quarterly Review before obtaining its current name in 1950.
Ian Ayres is an American lawyer and economist. Ayres is a professor at the Yale Law School and at the Yale School of Management.
Lynn M. LoPucki holds professorial positions at both UCLA School of Law as well as Harvard Law School. LoPucki is the Security Pacific Bank Professor of Law at UCLA Law and the Bruce W. Nichols Visiting Professor of Law at Harvard Law. LoPucki is a nationally recognized expert on bankruptcy and compiled a widely used research database on bankruptcy in the U.S. called Bankruptcy Research Database which forms the basis for a large portion of empirical academic research on bankruptcy.
Cynthia Estlund is the Catherine A. Rein Professor of Law at the New York University School of Law.
Louise Weinberg is an American legal scholar. She is known for her writings on legal theory, due process, and choice of law, and for her groundbreaking 1994 book, a 1200-page study on federal courts.
Margaret Jane Radin is the Henry King Ransom Professor of Law, emerita, at the University of Michigan Law School by vocation, and a flutist by avocation. Radin has held law faculty positions at University of Toronto, University of Michigan, Stanford University, University of Southern California, and University of Oregon, and has been a faculty visitor at Harvard University, Princeton University, University of California at Berkeley, and New York University. Radin's best known scholarly work explores the basis and limits of property rights and contractual obligation. She has also contributed significantly to feminist legal theory, legal and political philosophy, and the evolution of law in the digital world. At the same time, she has continued to perform and study music.
Louis Michael Seidman is the Carmack Waterhouse Professor of Constitutional Law at Georgetown University Law Center in Washington, D.C.. He is a constitutional law scholar and major proponent of the critical legal studies movement. Seidman's 2012 work is On Constitutional Disobedience, where Seidman challenges the viability of political policy arguments made in reference to constitutional obligation.
D. Gordon Smith was the dean of the J. Reuben Clark Law School of Brigham Young University (BYU) from 2016 to 2023. Smith has taught classes in business associations, contracts, corporate finance, law & entrepreneurship, and securities regulation.
Yaad Rotem is Dean and professor of law at the College of Law and Business (CLB) in Ramat-Gan, Israel. He is an expert in the fields of private international law, corporate bankruptcy and reorganization law and corporate law.
Vernon Countryman was an American legal scholar at Harvard Law School who was an expert on bankruptcy and commercial law.
Anthony J. Casey is an American legal scholar who is currently the Donald M. Ephraim Professor of Law and Economics at the University of Chicago Law School. He is an expert on business law and bankruptcy law. In 2020, Casey was appointed as deputy dean of the law school.
Randal C. Picker is an American legal scholar who is currently the James Parker Hall Distinguished Service Professor of Law at the University of Chicago Law School. He is an expert in antitrust law and intellectual property law. His areas of interest also include law and economics, regulated industries, and bankruptcy law.
Edward R. Morrison is an American legal scholar who is currently the Charles Evans Gerber Professor of Law at Columbia Law School. He previously taught at the University of Chicago Law School. He is a leading scholar of bankruptcy and law and economics.
Barry E. Adler is an American legal scholar who is currently the Bernard Petrie Professor of Law and Business at the New York University School of Law. He is a leading scholar of bankruptcy law.
