Sunday, December 14, 2008

Kauffman to fund pro-innovation legal scholarship

Updating classical liberalism for the 21st century so that we can develop an entrepreneurial liberalism will have to include practical thinking about how to institutionalize our ideas. It's not enough to have a lot of theory that never gets applied. We need to build a legal and political framework that can support and foster entrepreneurship and innovation. The Kauffman Foundation is taking the initiative to build that kind of legal framework:

Kauffman Foundation Invests $10 Million to Cultivate Innovation-Friendly Law, Policy and Legal Scholarship

Continued economic growth spurred by innovation is essential to improve living standards. Growth, in turn, does not just happen—it must be supported by legal institutions and policies that reward entrepreneurial risk-taking and innovation.

Toward this end, the Kauffman Foundation has launched a $10 million, five-year program 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 growth. The program builds on several decades of "law and economics" scholarship.  

"We want our nation's top legal scholars to devote their talents, experience and energy to furthering our understanding of how the legal system can best foster innovation and growth, both to aid policymakers and judges, and to help educate the next generation of lawyers," said Robert E. Litan, vice president of Research and Policy at the Kauffman Foundation.

Via Marginal Revolution

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