IDEAS home Printed from https://ideas.repec.org/p/smo/epaper/001jp.html
   My bibliography  Save this paper

Towards Legal Empirical Macrodynamics: A Research Agenda

Author

Listed:
  • Julia M. Puaschunder

    (The New School, Department of Economics)

Abstract

Legal scholarship exists since the beginnings of science. Attempts to quantify the economic consequences of legal codifications have been made in the vibrant interdisciplinary field of law and economics. The socio-economic calculus of public policies has been addressed in new public management. Behavioral economics has entered the legal scientific discourse in the emerging field of empirical legal studies backed by ample evidence of the effect of law on socio-dynamics retrieved from manifold field and laboratory experiments. Behavioral insights is the most recent Nobel Prize crowned development to understand human decision making in the legal and public fields to help civil servants and legal executives foster the socio-economic outcomes of their work. All these variant interdisciplinary approaches aim at enlightening at legal codifications’ socio-economic outcomes to improve public collectives. In all these cases, empirics derived from quantitative and qualitative research help gain inferences for legal theory building and the strengthening of public policy implementations. This article argues that the time is ripe to dare the next step in legal empirical analyses by drawing from insights retrieved from big data and algorithmic machine learning but also introduce the use of optimal control macrodynamic modelling—a methodology originating in physics that entered macroeconomics and related disciplines to quantify and optimally control economic theory and practice. Given the ongoing big data revolution and exponentially rising data transfer coupled with unprecedented computational power advancements, the means are now available—for the first time—to push for empirical legal studies embracing novel tools—such as hierarchical modelling Bayesian statistics as well as optimum control sophistications—to derive inferences on how to improve legal theory and practices in innovative ways as never before possible. On the brink of artificial intelligence entering the labor force at a large scale, legal scholarship can now adapt to the novel market opportunities with acknowledging unprecedented computational power and methodological sophistication in deriving insights from big data. Heralding a new age of legal empirical macrodynamics also serves the legal community in light of the predicted heightening demands for creativity as future valuable asset of humanoid legal practitioners and scholars in comparison to repetitive tasks likely soon being outsourced to AI and machine learning.

Suggested Citation

  • Julia M. Puaschunder, 2019. "Towards Legal Empirical Macrodynamics: A Research Agenda," Proceedings of the 14th International RAIS Conference, August 19-20, 2019 010JP, Research Association for Interdisciplinary Studies.
  • Handle: RePEc:smo:epaper:001jp
    as

    Download full text from publisher

    File URL: http://rais.education/wp-content/uploads/2019/09/001JP.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Julia M. Puaschunder, 2018. "Climate in the 21st Century," Proceedings of the 8th International RAIS Conference, March 26-27, 2018 018, Research Association for Interdisciplinary Studies.
    2. Anastasia Golofast & Antoine Verret-Hamelin & Benjamin Wilson & Désirée Bussi & Douglas Bowles & Federico Perali & Julia M. Puaschunder & Lara McKenzie & Li-li Chen & Marta Gonçalves Pimenta De Brito , 2018. "Intergenerational Responsibility in the 21st Century," Vernon Press Titles in Economics, Vernon Art and Science Inc, edition 1, number 135.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Julia M. Puaschunder, 2020. "Environmental Justice," Proceedings of the 16th International RAIS Conference, March 30-31, 2020 0024jmp, Research Association for Interdisciplinary Studies.
    2. Julia M. Puaschunder, 2018. "Climate Wealth of Nations," Proceedings of the 11th International RAIS Conference, November 19-20, 2018 06JP, Research Association for Interdisciplinary Studies.
    3. Julia M. Puaschunder, 2019. "Mental Temporal Accounting," Proceedings of the 13th International RAIS Conference, June 10-11, 2019 014JP, Research Association for Interdisciplinary Studies.
    4. Julia M. Puaschunder, 2018. "Climate in the 21st Century," Proceedings of the 8th International RAIS Conference, March 26-27, 2018 018, Research Association for Interdisciplinary Studies.
    5. Julia M. Puaschunder, 2021. "Green Bonds and Diversified Interest Rates," RAIS Conference Proceedings 2021 0068, Research Association for Interdisciplinary Studies.
    6. Julia M. Puaschunder, 2023. "Intergenerational Followership of Small and Medium Enterprises (SMEs)," RAIS Conference Proceedings 2022-2024 0266, Research Association for Interdisciplinary Studies.
    7. Julia M. Puaschunder, 2021. "Equitable Green New Deal (GND)," RAIS Conference Proceedings 2021 0051, Research Association for Interdisciplinary Studies.
    8. Adefarati, T. & Bansal, R.C., 2019. "Reliability, economic and environmental analysis of a microgrid system in the presence of renewable energy resources," Applied Energy, Elsevier, vol. 236(C), pages 1089-1114.
    9. Julia M. Puaschunder, 2020. "The Green New Deal: Historical Foundations, Economic Fundamentals and Implementation Strategies," Proceedings of the 18th International RAIS Conference, August 17-18, 2020 006jpa, Research Association for Interdisciplinary Studies.
    10. Julia M. Puaschunder, 2021. "Monitoring and Evaluation of the Green New Deal and European Green Deal," RAIS Conference Proceedings 2021 0041, Research Association for Interdisciplinary Studies.
    11. Julia M. Puaschunder, 2021. "Climate Growth Theory," RAIS Conference Proceedings 2021 0084, Research Association for Interdisciplinary Studies.
    12. Julia M. Puaschunder, 2021. "Climate Stabilization Taxation-and-Bonds Strategy Adjusted for Consumption," RAIS Conference Proceedings 2021 0145, Research Association for Interdisciplinary Studies.
    13. Julia M. Puaschunder, 2021. "Sustainable Lifestyle Revolution: Agrohoods, Ecowellness and Biophilia Trends," RAIS Conference Proceedings 2021 0151, Research Association for Interdisciplinary Studies.
    14. Julia M. Puaschunder, 2020. "Inequality in the 21st Century: Climate, Digital Skills and Access to Education," Scientia Moralitas Conference Proceedings 010jmp, Research Association for Interdisciplinary Studies.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:smo:epaper:001jp. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Eduard David (email available below). General contact details of provider: http://rais.education/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.