Gordon Tullock and the Virginia School of Law and Economics
Francesco Parisi (),
Barbara Luppi () and
Alice Guerra ()
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Francesco Parisi: University of Minnesota Law School
Constitutional Political Economy, 2017, vol. 28, issue 1, No 4, 48-61
Abstract In 1999 Gordon Tullock became Professor at the George Mason University Law School. Tullock’s arrival at George Mason brought the economics department and the law school close together. The work that resulted during those years consolidated the methodological foundations for a different way of thinking about the economic analysis of law—the “functional” approach to law and economics. The functional law and economics approach espoused by the Virginia School was not attacking any of the results of the Chicago School or the Yale School, but rather proposing a methodological shift. This paper presents some of the results developed by this school and illustrates Tullock’s controversial positions on trials and on the common law system, through anecdotes, Tullock’s own work and related scholarly contributions.
Keywords: Rent-seeking; Litigation; Fee-shifting rule; Virginia School of Law and Economics (search for similar items in EconPapers)
JEL-codes: C72 D72 K10 K41 (search for similar items in EconPapers)
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