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The 5th PE-DPS: Behrang Kianzad on Law and Economics in times of Crisis

Phil Econ Discussion and Presentation Series

Start time:

July 8, 2021 @ 2:00 pm - 3:00 pm

Virtual Project Virtual Project
project Series Event Series (See All)

EDT

Location:

Online

Type:

Other

project Series Event Series (See All)
Virtual Project Virtual Project

Description

In this 5th session of the series, Behrang Kianzad (University of Copenhagen, Faculty of Laq) will present some of his work and will invite us for a critical discussion on law and economics in times of crisis. Come join us in this challenge!

Title:** "Are We all Kantian? Law and Economics in times of Crisis" **

Abstract

My research concerns the matter of excessive pricing as an anti-competitive practice, where I challenge the "mainstream" and "conventional wisdom" of Chicagoan-Borkian-Posnerian Economic Analysis of Law, which posits "efficiency" and "wealth maximisation" as the sole goal to be pursued by Antitrust Law. I demonstrate that both legal history, legislative intent as well as economic wisdom invariably points to fairness being the central goal to be pursued by Antitrust law, especially in case of essential goods such as pharmaceuticals, during pandemic times but also beyond.

Already Adam Smith noted that "justice is what holds the edificie together", and Adam Smith was not a utilitarian, as opposed to Bentham, and thus we need to recapture and return to the soul of Antitrust law, more importantly so in regards to "unfair pricing", as fairness in pricing matters as seen from neuro-economic as well as behavioural economic research, and thus fairness cannot be ignored by deference to "efficiency", as a matter of law and economics.

Hosted by Working Group(s):

Attendees

Diana Soeiro

David Cano Ortiz

Anki Bengtsson

Juan Melo

Michael Joffe

Karel Ohana

Carles Paré Ogg

Behrang Kianzad

Isaac Stanley

Siddharth Pannir

Alfredo Alvarez Padilla

Merve Burnazoglu

Shashank Patil

D. Matthew Millar

Harmanender Singh

Samyak Jain

Muez Ali

Peter Ikhane

farhad gohardani

Jessica Li

Sattwick Dey Biswas