IntroductionThe intersection of law and economics has always played a crucial role in shaping how societies organize markets, enforce justice, and design policies that drive progress. In recent years, rapid technological advancements—especially in artificial intelligence (AI), big data analytics, and automation—have significantly transformed both fields. The rise of predictive models, algorithmic decision-making, and data-driven policy […]
Economic Analysis of Criminal Law: Deterrence, Punishment, and Efficiency
Criminal law is often perceived as a moral or philosophical construct, designed to distinguish right from wrong and uphold justice. However, over the past few decades, economists and legal scholars have increasingly approached criminal law through a different lens—the economic analysis of law. This perspective focuses on understanding how laws influence human behavior through incentives […]
The Gig Economy: Legal Protections for a Flexible Workforce
The modern workforce is undergoing a dramatic transformation. Traditional full-time employment is no longer the only—or even the most common—path for earning a living. Instead, millions of people worldwide now participate in what’s known as the gig economy, a labor market defined by short-term contracts, freelance work, and on-demand services. Platforms like Uber, Upwork, Fiverr, […]
AI and Automation: The Legal Challenges of a Tech-Driven Economy
The 21st century is witnessing a transformation unlike any before — one driven by artificial intelligence (AI) and automation. From self-driving cars and automated factories to intelligent legal assistants and AI-powered healthcare diagnostics, technology is reshaping every corner of the global economy. While these innovations promise efficiency, productivity, and economic growth, they also raise profound […]
Behavioral Law and Economics: How Psychology Shapes Legal Decisions
In recent decades, the intersection between law, economics, and psychology has given rise to a transformative discipline known as Behavioral Law and Economics (BLE). Traditional economic theory assumes that individuals act rationally — carefully weighing costs and benefits before making decisions. However, human behavior often deviates from this rational model. Emotions, biases, cognitive limitations, and […]