Laws are designed as incentives to influence human behavior and promote social goals, and economics provides powerful tools for understanding the impacts and effects of laws and legal decisions. As such, it is imperative that the public servants who create and shape laws possess a basic understanding of economic concepts and methods. The Law & Economics Center fills that need.
The mission of the LEC is to serve as a nexus for research and education focused on economic analysis of the legal and public policy issues confronting policymakers worldwide. Since its inception in 1974, the LEC has recognized the importance of timely, relevant research on public policy matters, as well as the need to communicate research findings to those who shape policy decisions.
The LEC is committed to developing original, high-quality law and economics research and education programs that enhance economic understanding and provide a consistent, rational voice that bolsters today’s policy discussions.
For over four decades, the Law & Economics Center has provided the classroom where federal and state judges, state attorneys general, law professors, and other legal professional have been trained in basic economics, accounting, statistics, regulatory analysis, and related disciplines.
Our education programs have reached an unparalleled audience of esteemed policymakers, practitioners, and scholars. To date, over 5,000 federal judges and state court judges representing all 50 states and the District of Columbia, including three current U.S. Supreme Court Justices, have participated in at least one of the LEC’s education programs. Our programs have hosted nearly 1,000 state attorneys general and senior AG staff lawyers, and thousands of other legal professionals.