Mission

The study of “Law and economics” blends the two mutually relevant subjects into one which enables lawyers, academicians and law students, rely on economic reasoning to resolve legal disputes. Economic reasoning has always been one of the most important or central ideas behind the legal arguments and judicial decisions in the field of competition law, torts, property law, tax law, law of insolvency, corporate law, environmental law and security law. In the recent years, pioneers in the field of law and economics have also endeavored to establish the economics analysis in the hitherto unconventional areas such as constitutional law and criminal law. In 21st century the scope of economic reasoning has widen and is providing very useful insights for evaluating policies related to law and economics. Also, in many other seemingly non-economic fields like health law, gender justice, the economic analysis can help in better understanding of the issues, evaluating their performance and recommending alternative solutions for optimum social outcomes. Therefore, with the mission “to sensitize, promote and further research in the field of Law and Economics and work as a policy think tank”, the Centre of Law and Economics, CNLU has been set up.

Vision

The Centre for Law and Economics aims to develop interdisciplinary research and study in Law and Economics, and shed new light on the economic analysis of contemporary laws. In order to achieve its mission, the Centre for Law and Economics seeks to:

1. Explain the relevance, understanding, and uses of the interdisciplinary approach of law and economics among the students and academicians in dealing with the contemporary socio-eco-legal issues in more logical and scientific way.
2. Improve student’s critical and reflective thinking in understanding and applying economic models in law.
3. Increase awareness about the interface between law and economics useful for policy formulation for academic community, government, corporations and society.
4. Provide a forum where leading practitioners and academician, scholars and students, can discuss and exchange views on contemporary issues of law and economic policy.

Aims and Objectives

The fruitful interactions between law and economics can help in explicating the legal system with the help of economic theories and concepts and at the same time can help in framing different laws regulating economic activities. Thus, following are the aims and objectives of the Centre for Law and Economics:

1. To research and develop practice in economic analysis of law.
2. To create knowledge and expand the horizon of economic analysis of law by conducting continuous policy research for the ministries, departments, P.S.Us., and P.S.Bs, developing models.
3. To increase practice, which enhances students’ learning and understanding of the mutual relationship between law and economics.
4. To run extensive program on research, teaching, public discussion of law and economics through different approaches like theoretical, quantitative, empirical and experimental.

 What We Do?

• We focus on generating original interdisciplinary research in the field of law and economics.
• We organize seminars, conferences and focused workshops designed to promote research in the field of contemporary issues related to law and economics.
• We engage in essay competitions in law and economics for the students.
• We provide opportunities for both undergraduate and graduate students to intern and/or conduct research through the Centre’s program.
• We develop certificate programs on law and economics for the students and teachers.
• Initiate various collaborations with other academic institutions, government departments for organizing different activities within this centre.
• We organize sessions with the leading, eminent people in the field of law and economics for sharing their experience in finding the balance between a conceptual, academic and the practical perspective related to the above field.

We focus on entering into MoUs with the other Institutes, Universities and Centers for inter alia collaborative programmes, research work/project.