Cooter's presentation reveals 4 categorizations of the revolutions and might as well be evolutions of law and economics.
- game theory; making behavior fully strategic
- evolutionary economics endogenous preferences
- behavior economics: diminished rationality + experimental methods
- law and growth economics (empirical legal studies)
I think wouldn't it be good to combine all of the 4 items above and apply those to some legal theory or policy. I wonder what an example would be.. stay tuned.
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