Economics, Behavioral Biology, and Law

Owen D. Jones, Erin O'Hara O'Connor and Jeffrey Evans Stake

Supreme Court Economic Review, 2011, vol. 19, issue 1, 103 - 141

Abstract: This article compares the relevance to law of two unexpectedly similar fields: economics and behavioral biology. It first examines the assumptions, core concepts, methodological tenets, and emphases of the two fields. It then compares the interdisciplinary fields of law and economics, on one hand, with law and behavioral biology, on the other—highlighting not only important similarities but also important differences. The article subsequently explores ways that biological perspectives on human behavior may, among other things, improve economic models and the behavioral insights they generate. The article concludes that although there are important differences between the two fields, the overlaps between economics and biology warrant even greater congress between these two disciplines, and expanded exchange between the legal thinkers interested in each of them.

Date: 2011
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