The Center for Law & Economics (CLE) is a center of excellence for research and training in the discipline of Law & Economics (also called economic analysis of law). The Center values rigorous work in the discipline and aims to promote awareness and research in the field. It organizes courses and conferences for academics, practitioners and students outside of publications on the economic analysis of contemporary legal problems. It aims to produce quality prescriptions for lawmakers, regulators and ministries and to provide clear explanations and advice to businesses and ordinary citizens. The Center for Law and Economics has always tried to reach bright, young minds who have a keen interest in the use of economic tools and theories for legal analysis. Some of these efforts can be viewed on the GNLU Center for Law and Economics page for past events. GNLU also offers a PhD in Economics to promote academic skills and the vigor of research in economics and law.
THEME OF THE ESSAY COMPETITIONS
The subject “Law and economics” or “Economic analysis of law” is concerned by this interface between the subjects of law and economics. It allows for a greater use of economic concepts and tools to examine and understand the law in addition to recognizing the importance of law for the analysis of the economy. Today, the field of law and economics has broadened and transformed subjects such as property, contracts, misdemeanors, criminal law and procedure, constitutional law, administrative law, the law of l environment, family law, etc. The inherent advantage of this field is that its purpose nature allows the legal system to function rationally and more efficiently. In addition, it provides a normative standard useful for evaluating law and policy. Law & Economics is a cutting-edge interdisciplinary field that applies tools from microeconomic theory to legal rules and structures in order to explain how they work, assess their performance, and prescribe alternative rules and structures in order to create optimal social outcomes. . Law & Economics has experienced prolific development in various jurisdictions and has achieved surprising results that have changed the way we view and manage our legal systems, winning many academic accolades including the Nobel Prize in Economics.
This calls for a general theme of law and economics for the essay competition. With new restrictions around the world due to COVID-19, economic policies have evolved, impacting major sectors. The Center encourages the submission of manuscripts for essays focusing on the economic analysis of law. Manuscripts may relate to any of the substantive areas of law and economics, including, but not limited to the following:
· Basic areas of law and economics: property, contract, tort law and product liability, forensic economics, criminal law, civil law, common law, constitutional law and electoral law.
· Regulation and business law: Antitrust, Business and securities, Regulated industries, Business and cybersecurity, Real estate.
· Economic aspects of legal procedure: the litigation process of the legal system, illegal behavior and law enforcement.
· Macroeconomics and law; Use of economic tools in the analysis of public policies.
Law and finance: financial sector reforms in India, monetary policy formation, cybercrime, stock market regulations, sovereign bonds, corporate and bank failures, bankruptcy code, tax evasion, black currency, Basel and Council standards financial stability, WTO and financial services;
· Market regulators: IRDA, TRAI, SEBI, PFRDA, Antitrust; Regulated industries / Competition law and functioning of the commission, Consumer law, Commission on legal reforms in the financial sector.
· Economic analysis of litigation: Causes of delays / expectations in judicial administration, costs of delays, out-of-court settlements, Legal reforms, Legal proceedings, judicial system and illegal behavior, Law enforcement.
· International law (public and private): International trade, Law and development, Environmental law, Human rights law.
· Other important areas of labor law and economics, energy, environment, health and safety, international, fiscal, family and personal, immigration.
The above themes are only indicative. We also invite essays from other related areas of law and economics.
WHO ARE ELIGIBLE TO CONTRIBUTE?
GNLU, through its Center for Law and Economics, has endeavored to generate interest in legal studies using economic tools. Apart from this, GNLU also offers a doctoral course in economics. Continuing this goal further, the current edition of the GNLU Law and Economics Essay Competition aims to promote young academics and researchers with a keen interest in the field of law and economics. The GNLU Center for Law and Economics has always tried to reach bright, young minds who have a keen interest in using economic tools and theories for legal analysis. Some of these efforts can be viewed on the GNLU Center for Law and Economics page for past events.
In order to promote these young minds, the theme of this edition of the Essay Competition targets the following points:
Students / researchers pursuing an MA / M.Phil / Ph.D discipline in economics
Scholarship researchers pursuing a doctorate in the interdisciplinary study of law and economics
Students / researchers pursuing an MA / M.Phil / Ph.D discipline in statistics
Students / researchers pursuing an MA / M.Phil / Ph.D discipline in public policy
Students / researchers pursuing an MA / M.Phil / Ph.D discipline in development studies
Students pursuing a five-year / three LLB discipline
Students pursuing a one-year / two-year LLM discipline
· Academicians teaching and carrying out research within the framework of the interdisciplinary study of law and economics.
· Professionals working in the banking, financial or economic field.
This is not an exhaustive list. Students, researchers, academics and professionals with a keen interest in the interdisciplinary study of law and economics are also invited to contribute to the essay competition. However, we strongly encourage young researchers, academics and academics to contribute to this essay competition and to be associated with the GNLU Center for Law and Economics.
PRICE IN CASH:
1st prize for the best essay: 15,000 (INR) cash prize + Publication in GNLU Journal of Law and Economics.
2nd prize for the second best attempt: 10,000 (INR) cash prize
3rd prize for the third best attempt: 5,000 cash prize (INR)
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