Law and neuroscience (sometimes neurolaw) has become a recognized field of study. The advances of neuroscience are proving useful in solving some perennial challenges of legal scholarship and are leading to applications in law and policy. While caution is appropriate in considering neurolaw...

Despite recent innovations in entrepreneurial finance, particularly at the early stage of business creation, many new and young companies continue to face hurdles to acquire capital.The Kauffman Foundation addressed current challenges and opportunities in financing entrepreneurial growth, a key...

We show that the fundamental legal structure of a well-written financial contract follows a state-transition logic that can be formalized mathematically as a finite-state machine (specifically, a deterministic finite automaton or DFA). The automaton defines the states that a financial...

This essay lays out a framework for thinking about institutions, emotions, and law. It combines work that links our emotions with internal, psychological commitments, and an understanding of institutions as mechanisms that re-frame the strategic landscape in a world of potential cooperation and...

This collection of papers is part of the Values In Free Enterprise project organized by the Gruter Institute for Law and Behavioral Research. The program brought together a highly interdisciplinary team of leading experts, in fields ranging from business, economics, primatology, philosophy and...

The popular understanding of "free enterprise" has focused all too often on the importance of self interest. A better description gives prominence to the psychology of values. The recognition of the character of consenting players by other consenting players assists humans in taking part in...

The United States economy is struggling to recover from its worst economic downturn since the Great Depression. After several huge doses of conventional macroeconomic stimulus - deficit-spending and monetary stimulus - policymakers are understandably eager to find innovative no-cost ways of...