Economics and Law

Funny laws and unlikely examples of best practices in compliance. New fields of study that apply principles of hard sciences to economics and policy gives rise to. Crises in economics and technology that are making law more accessible. Gender biases in the practice of law. Essential but light economics reading.

© 2020 Tanay and Sach

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Film quote, presumed under Fair Use: The voice of Gregory Peck from To Kill a Mockingbird (1962). Atticus Finch addresses the jury on the obvious inequalities in the US justice system.

Coins icon by ultimatearm.

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Links:

The Origin of Left and Right in Politics 

https://www.spectator.co.uk/2014/02/the-great-debate-by-yuval-levin-review/

‘Things’ used to be laws!

https://www.etymonline.com/word/thing

As other countries of the world banned plastic, Michigan went another way. 

https://www.washingtonpost.com/news/energy-environment/wp/2016/12/30/yes-this-is-real-michigan-just-banned-banning-plastic-bags/

You might have broken the law when you had that drink last night. 

https://www.bloombergquint.com/law-and-policy/in-maharashtra-serving-liquor-at-home-can-get-you-arrested-heres-how-to-avoid-that

Liability vigilance! British construction firms caution Indian municipalities about bridges they built during the Raj. 

https://www.mid-day.com/articles/bridge-on-mumbai-goa-highway-too-old-uk-government-had-warned-state-government-in-2013/17495198

Peter Turchin predicted that civilization might collapse in 2020! 

https://www.nature.com/articles/463608a

An example of Econophysics

http://www.pnas.org/content/106/26/10570

Paul Romer and Jean Tirole on the problems in their discipline 

https://www.theguardian.com/commentisfree/2016/sep/19/its-time-to-junk-the-flawed-economic-models-that-make-the-world-a-dangerous-place 

The 2013 Nobel Prize in Economics was shared between two economists who disagree on a fundamental question in their discipline.

https://hbr.org/2013/10/what-the-great-fama-shiller-debate-has-taught-us

Even at the Supreme Court, women lawyers get interrupted far more than male counterparts. 

https://psmag.com/social-justice/female-lawyers-are-interrupted-more-frequently

Ditto the justices!

https://hbr.org/2017/04/female-supreme-court-justices-are-interrupted-more-by-male-justices-and-advocates

A GitHub repository of the entire German code of law, uploaded by a German citizen 

https://github.com/bundestag/gesetze

Book recommendations:

The Undercover Economist : https://www.amazon.in/Undercover-Economist-Tim-Harford/dp/0349119856

Economics Rules: https://www.amazon.in/Economics-Rules-Rights-Wrongs-Science/dp/0393246418

Core-Econ: https://www.core-econ.org/