Michael P. Stone

Michael P. Stone is a Teaching Professor in the Department of Economics at Northeastern University's College of Social Sciences and Humanities, joining in 2014. His research bridges legal frameworks and economic behavior, focusing on tort law, litigation, and public policy.

• Education: PhD in Economics (2010) and JD (2005) from the University of Connecticut.

His work investigates the economic implications of legal systems, particularly how litigation strategies, punitive damages, and attorney advertising influence deterrence and welfare. Publications span journals like International Review of Law and Economics and Contemporary Economic Policy, with a focus on empirical and theoretical analysis of tort law and policy.

Over his career, Stone’s research has explored deterrence mechanisms, legal efficiency, and regulatory impacts, often analyzing how legal rules shape risk-taking and compliance. While his most recent publications (2013–2014) emphasize frivolous litigation and welfare outcomes, earlier works (2009–2010) delve into punitive damage caps and optimal legal advertising.

• Scientific Awards: CSSH Outstanding Teaching Award (2018).

Stone’s interdisciplinary approach combines legal theory with microeconomic modeling, offering insights into the societal costs and benefits of legal interventions.