Program in Economics and the Law

Director, Charles K Rowley
Deputy Director, Francesco Parisi


Program in Economics and the Law

The law and economics movement represents the most significant methodological innovation within legal scholarship during the second half of the twentieth century. The innovation started at the University of Chicago and the early dominance of the Chicago School has left the movement with an unmistakable methodological emphasis. Other schools of thought, however, have played an important role in the development of the movement, notably the Virginia School where early contributions by Gordon Tullock, Henry Manne and James M. Buchanan have left important marks.

The Program in Economics and the Law in the James M. Buchanan Center for Political Economy builds on the legacy of the law and economics tradition at George Mason University. Under the joint direction of Professors Charles K. Rowley and Francesco Parisi, the Program is designed to enhance the understanding of the economic nature of law and the economic consequences of legal rules. It is also designed to bring to bear the insights of public choice and constitutional political economy to aid understanding of the manner in which laws and legal rules emerge and are shaped in practice.

The Program in Economics and the Law organizes public lectures, advanced workshops and colloquia and serves as a fulcrum for research and publishing initiatives in law and economics, drawing for these purposes not only on resources located at George Mason University but also upon the resources of the law and economics movement world-wide.