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.
During the past 15 years, George Mason University School
of Law has attracted a distinctive, interdisciplinary faculty,
many of whom hold doctorates in economics, philosophy, political
science, or related fields. Almost all members of the faculty
apply the tools of economics or other social sciences to
legal problems, and this intellectual orientation pervades
the curriculum. Our faculty is among the most prolific in
the nation in these fields of research and our interdisciplinary
Program in Law and Economics is probably the most advanced
in the profession.
George Mason ranks among the top 10 in the nation for faculty
quality in law and economics in the 2003-2004
New Educational Quality Ranking of U.S. Law Schools (EQR).
Our interdisciplinary curriculum is one of the most innovative
in the country. Its emphasis on the legal application of
economic methods, intellectual property, and technology law
has made George Mason the youngest school to enter the First
Tier in the U.S.
News & World Report ranking of law schools. In addition,
the law school in collaboration with the University of Chicago
Press publishes the Supreme
Court Economic Review (SCER) which brings together the
perspectives of world-class legal scholars and economists
on the work of the United States Supreme Court. It is essential
reading for legal scholars, economists, policy makers, and
scholars specializing in law and economics.
Since 1987 the Law & Economics
Center (LEC) has been an integral part of George
Mason University School of Law. The LEC has trained
more than 600 judges, including two current members
of the Supreme Court, in law and economics and related
disciplines and is one of the most successful educational
programs of its kind.
In 2001, the Interdisciplinary
Center for Economic Science (ICES), moved to
George Mason. Nobel Prize economist Vernon L. Smith
and two other scholars in this group hold joint positions
with the School of Law. These economists are founders
and leaders of the growing area of experimental economics.
In 2004, the Center
for the Study of Neuroeconomics (CSN) was established
as a research center and laboratory for the experimental
study of how emergent mental computations in the
brain interact with the emergent computations of
institutions to produce legal, political, and economic
order.
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.
During recent years these centers have brought a large
number of distinguished speakers to George Mason University,
with the inclusion of virtually every star in the law
and economics firmament field, Richard A. Posner, Robert
D. Cooter, Cass Sunstein, Roberta Romano, Steven Shavell,
Harold Demsetz, Oliver E. Williamson, Guido Calabresi,
Henry G. Manne, Vernon L. Smith, Gordon Tullock, William
A. Fischel, Jonathan Macey, Gerrit De Geest, Randy
Barnett, William M. Landes, Gary Becker, Hans-Bernd
Schaefer, James M. Buchanan, and Richard A. Epstein.
The Law School
George Mason is one of the most innovative law schools
in the country. Its emphasis on IP, on technology law,
on the legal application of economic tools and methods,
and on the intensive development of legal research
and writing skills have made George Mason the youngest
school to enter the First Tier in the influential U.S.
News & World Report ranking of law schools.
In addition, George Mason was ranked in the top 10
in the nation for faculty quality in law and economics
in University of Texas Professor
Brian Leiter's recent study.
The law school is located in Arlington, Virginia,
just across the Potomac River from Washington, DC. This
location gives students access to year-round employment
opportunities in both Washington, DC, and Northern
Virginia (the Internet capital of the world), allows
the law school to maintain one of the best adjunct
faculties in the country, and provides everyone at
the law school with a diversity of cultural and social
opportunities.
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