- Gujarat National Law University (GNLU), Gandhinagar is one of the premier national law universities of India, accredited with an ‘A’ grade by NAAC. The University is established under the Gujarat National Law University Act, a statutory legislation passed by the Government of Gujarat in the year 2003.
- The Centre for Law & Economics (CLE) is a centre of excellence for research and training in the discipline of Law & Economics (also referred to as the Economic Analysis of Law). The Centre values rigorous work in the discipline and aims to promote awareness of and research in the field. It carries out courses and conferences for scholars, practitioners and students apart from publications on the economic analysis of contemporary legal issues.
- The subject of ‘Law & Economics’ or ‘Economic Analysis of Law’ is concerned with this intersection between the subjects of Law & Economics. It permits the greater use of economic tools and concepts to examine and understand the law in addition to recognising the importance of law to the analysis of the economy.
- Today, the field of Law & Economics has expanded and transformed subjects such as property, contracts, torts, criminal law and procedure, constitutional law, administrative law, environmental law, family law, etc. The inherent advantage of this field is that its objective nature permits the legal system to function rationally and more efficiently.
The Centre encourages submission of manuscripts for essay focusing on the economic analysis of law. Manuscripts may be in any of the substantive areas of Law and Economics, including but not limited to the following:
- Basic Areas of Law and Economics: Property, Contract, Tort Law and Product Liability, Forensic Economics, Criminal Law, Civil Law, Common Law, Constitutional and Election Law.
- Economic Analysis of Litigations: Causes of delays/pendency in judicial administration, costs of delays, out of court settlement, judicial reforms, legal procedures, the legal system and illegal behaviour, enforcement of law.
- International Law (public and private): International Trade, Law and Development, Environmental Law, Human Rights Law.
- Regulation and Business Law: Antitrust, Business and Securities, Regulated Industries, Business and Cyber, Real Estate.
- Economics of Legal Procedure: The Legal System Litigation Process, Illegal Behavior and Law Enforcement.
- Macroeconomics and Law: Use of economic tools in public policy analysis.
- Law and Finance: Financial sector reforms in India, Formation of monetary policy, Cyber Crimes, Stock Market Regulations, Sovereign Bonds, Corporate and Banking Bankruptcy, Bankruptcy Code, Tax Evasion, Black Money, Basel and Financial Stability Board norms, WTO and the Financial Services.
- Market Regulators: IRDA, TRAI, SEBI, PFRDA, Antitrust, Regulated Industries/Competition law and working of the Commission, Consumer laws, Financial Sector Legal Reforms Commission.
- Other Substantive Areas of Law and Economics: Labor, Energy, Environmental, Health, Safety, International, Tax, Family and Personal, Immigration.
- Economic Analysis of Contemporary Legal Developments: for instance, anti-defection law, etc.
The above themes are only indicative. We invite essays from other allied areas of Law and Economics as well.
In order to promote such young minds, the theme of this edition of the Essay Competition is targeting the following:
- Students/Research Scholars pursuing M.A./M.Phil/Ph.D Discipline in Economics
- Research Scholars pursuing Ph.D in the interdisciplinary study of Law and Economics
- Students/Research Scholars pursuing M.A./M.Phil/Ph.D Discipline in Statistics
- Students/Research Scholars pursuing M.A./M.Phil/Ph.D Discipline in Public Policy
- Students/Research Scholars pursuing M.A./M.Phil/Ph.D Discipline in Development Studies
- Students pursuing Five-Year/Three-Year LLB Discipline
- Students pursuing One-Year/Two-Year LLM Discipline
- Academicians teaching and researching in the interdisciplinary study of law and economics.
- Professionals working in Banking, Finance or Economics field.
This is not an exhaustive list. Students, Researchers, Academicians, Professionals having an avid interest in the interdisciplinary study of Law and Economics are welcome to contribute in the Essay Competition too. However, we strongly promote Young Researchers, Scholars and Academicians to contribute to this Essay Competition and be associated with GNLU Centre for Law and Economics.
1st Prize to Best Essay: 10,000 (INR) Cash Prize + Publication in GNLU Journal of Law and Economics (After Incorporating Reviewer Comments).
2nd Prize to Second Best Essay: 5,000 (INR) Cash Prize.
3rd Prize to Third Best Essay: 3,000 (INR) Cash Prize.
4th September 2022