The Law and Economics movement is one of the most important intellectual developments within legal scholarship in recent decades. This approach applies economic concepts to explain and clarify legal issues and aspects, not only with respect to narrowly defined ”economic” fields, such as competition and economic law, but also to legal fields that concern a wide variety of non-market activities, from liability issues to family matters and crime. Thus, Law and Economics has become a central methodology for both positive and normative legal analysis; already it has influenced regulation, legislation, and case law. Many academic journals publish articles in the field, and Law and Economics has become an integral part of legal and economic education at the most prestigious universities.
The annual conference of ASERS dedicated to Law and Economics – Convergence of Law and Economics – intend to become an important forum for the exchange of research findings and ideas.