The Law & Economics Center at George Mason University Antonin Scalia Law School, hosted the Thirty-Fifth Economics Institute for Law Professors at the Grand Summit Hotel in Park City, Utah. The program ran from Sunday, June 1 to Friday, June 13, 2025.
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. The time-tested program that launched the LEC in 1974 counts many of today’s leading scholars in law and economics among its five decades of alumni. More than 830 law professors worldwide have attended the LEC’s Economics Institutes. Alumni routinely credit the Institute with providing creative insights into research and teaching, and with facilitating collegial associations.
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.
Topics covered included:
- Price Theory: Demand, Supply, and Equilibrium
- Market Imperfections: Monopoly, Information Costs, and Externalities
- Agency Costs and Contracting
- Scientific Methodology
- Public Choice Economics
- Labor Economics
- Experimental and Behavioral Law & Economics
- Economics of Innovation
- Growth Economics
Instructors included:
- Terry Anderson, Ph.D., Hoover Institute at Stanford University
- James C. Cooper, J.D., Ph.D., Scalia Law
- Nuno Garoupa, LL.M, D. Phil., Scalia Law
- Bruce Kobayashi, Ph.D., Scalia Law
- Erin E. Meyers, J.D., Ph.D., Scalia Law
- Paolo Saguato, LL.M, J.D., Ph.D., Scalia Law
- The Honorable David R. Stras, US Court of Appeals for the Eighth Circuit
- John M. Yun, Ph.D., Scalia Law
- Kathryn Zeiler, J.D., Ph.D., BU Law
- Todd J. Zywicki, J.D., Scalia Law
The Thirty-Fifth Economics Institute accommodated up to 27 law professors. Professors were required to attend all group meals and social events. Classes met for two weeks, with several days ending in the early afternoon. There was no class on Sunday, June 8.
The Economics Institute for Law Professors ran concurrently with the Law Institute for Economics Professors (Please see here). Many of the group meals were combined.
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No Tuition; Hotel Rooms and Group Meals are Provided
There was no tuition for the Institute, and room and board were covered by the LEC.
Participants were responsible for their own travel expenses to and from the Institute, as well as incidental expenses and individual meals.
Honorarium:
Participants received a $3,000 honorarium upon successful completion of the Institute.
Venue:
Grand Summit Hotel
4000 Canyons Resort Drive
Park City, UT 84098
Meals:
Breakfast was provided on days with class sessions. There were eight (8) lunches and three (3) receptions and dinners over the course of the Institute. Interaction between Institute faculty and participants was an important part of the learning experience. Therefore, all participants were required to attend all group meals on the program agenda.
Questions:
For questions regarding the program, please email Gwendolyn Watson at [email protected].
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The LEC’s Henry G. Manne Program in Law & Economics Studies promotes law and economics scholarship by funding faculty research, convening research roundtables, and hosting policy-relevant academic workshops and conferences.
Established in 2010 to honor the legacy of Henry G. Manne – legendary former Dean of the Antonin Scalia Law School, founder of the Law & Economics Center, and one of the founding fathers of the law and economics movement – the program seeks to improve the quality of legal scholarship by offering educational workshops on important and topical areas of study.
Since its founding, the LEC’s workshops and research roundtables have included more than 10,000 participants from 543 academic institutions. In addition to its core constituency of academics, Manne Program events also attract attendance from the policy community, including economists and lawyers from federal agencies, Capitol Hill, state government offices, and the non-profit and for-profit research sectors.