Sunday, November 21, 2010

Revolutions in law and economics

Cooter's presentation reveals 4 categorizations of the revolutions and might as well be evolutions of law and economics.  
  1. game theory; making behavior fully strategic
  2. evolutionary economics endogenous preferences
  3. behavior economics: diminished rationality + experimental methods
  4. 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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