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Bachelor 2015/2016

Project Seminar "Law, Economics and Society: Innovative Approaches to Legal Analysis"

Type: Elective course (Jurisprudence)
Area of studies: Law
When: 2 year, 1-4 module
Instructors: Ioannis Lianos (conducts seminars, checks works and administers exams)
Language: English
ECTS credits: 2
The course will provide students an advanced and critical introduction to the interaction of law with economic concepts and reasoning and a taster for empirical legal studies approaches in law. The course will examine the economic foundations of legal systems and the legal foundations of economic doctrines in order to introduce participants to the intricacies of the legal-economic nexus. The first part of the course will explore the various strands of neo-liberal economic thought which has shaped legal systems around the world and heterodox alternatives. We will focus on the different perspectives brought in the
conceptualization of property rights (including intellectual property), liability rules and regulatory alternatives. We will also explore the legal innovations that were put in place in order to facilitate the constitution of global markets and in order to support market transactions. The second part of the
course will delve into the conceptual and institutional foundations of a market economy. We will focus on the social construction of markets and their properties, as well as the market-making role of economists who devise innovative technical instruments (“market devices”) that intervene in the shaping and reshaping of markets and ensure their performance. We will explore how the legal system has assisted this market-creating effort so far, as well as the intense collaboration between different professions in
order to ensure the performativity of markets. The recent turn of both economics and the law to promoting innovation will constitute the intellectual backbone of the course. In this effort we will explore the legal-economic nexus in various industries, such as finance, the food sector, biotechnology and
pharma. In addition to the classic legal texts, readings will include foundation texts in law and economics, science and technology studies, political economy, economic sociology, innovation economics and sociology.