The organization's official journal is the American Law and Economics Review, established in 1999.
[1] The association was formally co-founded by George Priest, A. Mitchell Polinsky, and Steven Shavell, each of whom served a term as president during the ensuing decade.
[1] A growing acceptance of legal and economic perspectives by judges, practitioners, and policy-makers became evident in the creation of parallel associations in Australia,[2] Europe, Latin America, and Canada.
[3][4] The founding board of directors was composed of representatives of major universities, including Berkeley, Emory, USC, Columbia, Harvard, Georgetown and MIT.
[1] In addition to Henry Manne, and the three formal founders, Priest, Polinsky, and Shavell, each of whom served a term as president during the ensuing decade; other notable members include:[1]