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The Forum: The Method Behind the Madness (1): Explaining Law and Economics

Milbank Tweed Forum: The Method Behind the Madness (1): Explaining Law and Economics You’ve likely heard of “law and economics,” a major methodological approach to the study of law. You may even have encountered it in the classroom, whether you know it or not. But do you have a good grasp of this perspective on the law, or on the critiques leveled against it? At the weekly Milbank Tweed Forum, Max E. Greenberg Professor of Contract Law Clayton Gillette outlined basic principles of law and economics theory, offered some examples of its application, discussed its assumptions and limitations, and explained why it’s controversial in some circles. This event took place on October 22, 2014.