Law and Economics: Understanding Law In Its Market Context

Nov 03, 2003


Robin Paul Malloy 
Professor of Law and Economics
Syracuse University College of Law

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Economic analysis of the law may be the most important development in the legal field in the last 50 years.  Judges, legislators, and regulators increasingly need to understand the economic implications of a decision, ruling, or regulation.  The law and economics framework employs the powerful tools of economic analysis to examine the formation, structure, and overall impact of law and legal institutions.

Economic and market concepts are increasingly valuable tools for policy analysis and legal argument.  Congressional and federal agency staff, both legal and legislative, need to understand these economic influences, and must be able to link them to legal considerations of justice, fairness, and Constitutional or statutory law. 

This course is designed to teach policymakers about the way in which economic concepts are being used in law and in the functioning of legal institutions.  Program attendees will be equipped to continue further study and investigation of more specialized topics in the area.

If you need MCLE credit, or if you are simply interested in learning more about the law and economics approach, you will find this course a unique addition to your portfolio of policy skills.  Participation in this program will help you:

Discover how the law and economics approach can dramatically change the application of legal rules.
Learn how to assess the impact of proposed legislation from a law and economics perspective.
Develop the skills to more successfully resolve conflict in public policy disputes..
Earn 1.5 hours of Continuing Legal Education credit (through the Virginia State Bar).  There is a $25 fee for CLE credit.