Law and Economics Highlights
NYU Law has a cadre of full-time faculty who make law and economics a primary focus of their work. They include Barry Adler, Jennifer Arlen '86, William Allen, Oren Bar-Gill, Lily Batchelder (on Leave), Vicki Been '83, Stephen Choi, Kevin Davis, Mark Geistfeld, Clayton Gillette, Robert Howse, Marcel Kahan, Lewis Kornhauser, Florencia Marotta-Wurgler '01, Geoffrey Miller, Richard Revesz, Deborah Schenk, Daniel Shaviro and Katrina Wyman.
Among those are several lawyer-economists—Arlen, Choi, Bar-Gill, Geistfeld and Kornhauser all have both J.D.s and Ph.D.s in economics. Their research and teaching ranges from the economic analysis of law to behavioral economics to the relation between economic and moral theories of tort law.
The depth of scholarship in law and economics is further increased by affiliated and visiting faculty. Adjunct Professor Alan Rechtschaffen teaches Financial Instruments and the Capital Markets. Leading economists, such as Daniel Rubinfeld and Alan Auerbach, participate in the intellectual life of the Law School.
The economic analysis of law is taught throughout the standard curriculum as well as in advanced courses and several colloquia. There are the Colloquium on Law and Economics; the Colloquium on Law, Economics and Politics; the Innovation Policy Colloquium and the Tax Policy Colloquium.
The Law School’s
Center for Law, Economics and Organization
promotes interdisciplinary research and teaching in law and economics. Two of its directors, Geoffrey Miller and Jennifer Arlen are leading proponents of empirical analysis of legal issues, which has recently seen a dramatic growth in popularity. The legal community is embracing the empirical approach, says Miller, because “it doesn’t attempt to argue for or against any moral or social objective, but to figure out how the law functions in practice—what its consequences really are. [Empiricism accomplishes this] without being speculative but by actually counting and observing.” (Read more about Empirical Legal Studies in The Law School magazine.) Miller's Center for the Study of Central Banks and Financial Institutions draws on perspectives from law, economics, political science, history and sociology and sponsors the annual Global Economic Forum.
NYU offers both a joint J.D./M.A. (economics) degree and a joint J.D./Ph.D. (economics) degree. NYU School of Law students can also cross-register for courses at the economics department, the Stern School of Business, the political science department and the Wagner Graduate School of Public Service.
There are also several programs and scholarships available for J.D. students, including:
Law and Economics Scholars Program
Leadership Program in Law and Business
Furman Academic Scholars Program
Environmental and Land Use Scholars Program
Housing and Urban Policy Scholars Program
Institute for International Law and Justice Scholars Program
Intellectual Property Law Scholars Program
Lawrence Lederman Fellowships in Law and Economics
Furman Academic Fellowship Program (for graduating J.D. students)
Wagner Fellowship in Law & Business (for graduating J.D. students)