There is significant interaction between the study of economics and with law and policy formation. While private law aids individuals and groups willing to enter into free market agreements, public law seeks to correct the shortcomings of a free market system through economic and social regulation. Law and Economics attempts to explain the decisions of legislators, prosecutors, judges, and administrators based on Economic principles. The rational choice model, which underpins most of modern economics, has shown to be immensely valuable in understanding (and predicting) how people behave when faced with various legal limitations. This positive analysis helps the stakeholders involved in law-making or implementation of law about the probable consequences of their decisions.
To conduct research in the discipline of economics and the intersection between law and the subject, one must understand research methodology in general. Given below is a link to help you get started with that:
Dear reader, as you may have observed – the literature predominantly is produced in the context of the global north, hence there is a dearth of articles or books examining the relationship between economics and the law in the global south (including India).
We sincerely hope that as a reader, you may take up the initiative to write on such topics in the context of the global south (and hopefully publish with us!). In that spirit, we wish happy reading!
Also, if you feel we missed out on any literature/resource or have a recommendation that we can add to this section, please do let us know. Even if you do not have any recommendations, any feedback is much appreciated. Thank you!