Principles and Methods of Law and Economics

Nicholas Georgakopoulos is Professor of Law at Indiana University School of Law. He received his master's and doctorate from Harvard Law School, where he specialized in finance and the regulation of financial markets. His publications are cited prominently, including citations by the US Supreme Court and the Securities Exchange Commission.

• Introduction: innovation in legal thinking; Part I. Principles: 1. From formal logic to normative reasoning; 2. Social welfare versus moral philosophy; 3. From political philosophy to game theory; 4. The importance of distribution of wealth; 5. Coase and law's irrelevance; 6. More failures of coasean irrelevance; Part II. Methods: 7. Mathematical modelling; 8. Confronting uncertainty: basic probability theory; 9. Advanced probability: distributions as the shape of randomness; 10. How to price uncertainty: finance; 11. Finance and probability: options and derivatives; 12. Using spreadsheets; 13. Statistics; 14. Conclusion: importing methodological innovations.

“The merits of this volume by Professor Georgakopolos are many. The chapters are clearly organized and well written. His explications of statistical techniques and quantitative argumentation are very clear and should be easy for students, even those with no background in economics or statistics, to follow.” Daniel H. Cole, Indiana University School of Law