Prerequisite: The Economics Institute was carefully designed for those who possess little or no previous formal economics education. It covered basic price theory, with emphasis on the allocative effects of alternative property rights regimes, transaction cost economics, and the application of basic economic theory to a variety of legal issues. As such, there was no … Continue reading “Thirty-Second Economics Institute for Law Professors”
Program Description: The Manne Faculty Forum is an annual Roundtable, held in September, where junior tenure-track faculty at George Mason University School of Law present draft papers for comment, discussion, and critique by senior faculty at the law school. Each author also invites one other discussant of their choice to participate. Following the Forum, the authors … Continue reading “Sixth Annual Manne Faculty Forum”
Program Description: Liberal democracy has sought to enable ordinary democratic politics—and to discipline it by putting certain domains beyond its reach. Among those domains, in the traditional understanding, are constitutions and the rule of law; markets and private orderings; civil society institutions, especially the family; more controversially perhaps and for different reasons, independent institutions such … Continue reading “Ninth Annual Transatlantic Law Forum”
Program Description: The motivation for the Research Roundtable on Solving the Public Pension Crisis was to spur research and understanding about the full-spectrum review of the law, economics, political economy, and public policy issues regarding public employee pensions and pension reform. The Roundtable involved detailed discussions of 8 original draft papers.
Program Description: The goal of the Workshop for Law Professors on Public Choice Economics was to introduce law professors to the concepts of public choice and positive political economy and how to use those concepts in their research and teaching. The workshop was designed to be conceptual rather than technical and was aimed at introducing … Continue reading “LEC Workshop for Law Professors on Public Choice Economics”
Underfunded public employee pensions are one of the major fiscal crises confronting American states and municipalities. It is estimated that the shortfall is as much as $1 trillion and payments to retirees increasingly are diverting funds for necessary services, including police, fire, schools, roads, and other core services. Efforts at reform have run into increasing … Continue reading “LEC Public Policy Conference on Solving the Public Pension Crisis”
Program Description: Law professors and judges frequently invoke the Rule of Law as an important principle but rarely define what the Rule of Law is or why it matters. The LEC Workshop for Law Professors on the Rule of Law considered the historical context and meaning of the rule of law and the relationship between … Continue reading “LEC Workshop for Law Professors on the Economics of the Rule of Law”
Twenty Years in Antitrust and Lessons for a New Administration The last twenty years has seen a massive proliferation of competition agencies around the globe, increasing to nearly than 130 to date. Twenty years later, the globalization of antitrust has become even more pronounced. On the 20th Anniversary of the George Mason Antitrust Symposium, global … Continue reading “George Mason Law Review’s 20th Annual Antitrust Symposium”
Economist Herbert Stein is credited for having observed, “Something that can’t go on forever, won’t.” Such appears to be the state of higher education today—spiraling cost and declining value is bringing the entire economic structure of higher education into question. Moreover, many of the policies that have been designed to ameliorate the problem—from accreditation to … Continue reading “LEC Workshop for Law Professors on the Economics of Higher Education”
The goal of the Economics Institute for Law Professors was to help participants enhance their understanding of economics and broaden their analytical tools in order to introduce greater economic sophistication and policy relevance to their professional work. More than 670 law professors worldwide have attended the LEC’s Economics Institutes. Alumni routinely credit the Institute with … Continue reading “LEC Thirty-Third Economics Institute for Law Professors”
