Grant Supports Research on How Law Can Promote Innovation and Economic Growth
The Yale Law School has received a $735,000 grant from the Ewing Marion Kauffman Foundation to support the creation of the Kauffman Program in Law, Economics and Entrepreneurship.
The grant names law and economics professor George Priest as a Kauffman Distinguished Research Scholar in Law, Economics and Entrepreneurship. Priest is an internationally recognized expert in the fields of antitrust and regulation, and over the past two decades has focused his research on the determinants of economic growth.
“This marvelous grant from the Kauffman Foundation is designed to help reenergize and redirect the field of law and economics,” says Priest.
The grant is part of Kauffman’s $10 million Law, Innovation and Growth initiative to support research by leading legal and economic scholars on how best to shape the U.S. legal system so that it promotes innovation and entrepreneurship. It will also support the Information Society Project at Yale Law School and its examination of the ways in which laws relating to technology can foster growth.
“Yale Law School is honored to accept this generous Kauffman Foundation grant,” says Robert Post LAW ‘77, dean of the school. “Yale has long been known as the place that asks what the law ought to be, rather than what the law is. Nowhere is this question more critical than in developing legal frameworks to take advantage of the great human capacity to innovate and to create economic growth throughout the world.”
Robert Litan ’77 JD, ’77 MPhil and ’87 PhD, vice president of research and policy at the Kauffman Foundation, says, “It is only appropriate to harness Yale’s legal talent to one of the next great challenges in the legal world, to better understand how to improve our legal system in ways that foster innovation and growth.”
The Ewing Marion Kauffman Foundation is a private non-partisan foundation that works to harness the power of entrepreneurship and innovation to grow economies and improve human welfare. Through its research and other initiatives, the foundation aims to open young people’s eyes to the possibility of entrepreneurship and promote entrepreneurship education, among other goals.