Department of History & Philosophy of Science

Law & Economics, Legal Theory

Contact details

Department of History & Philosophy of Science, University of Athens

University Campus, Ano Ilisia 15771, Athens | Email: ahatzis[at]phs.uoa[dot]gr 

Tel: +30-210-7275565 | Personal blog:


Aristides Hatzis is a Professor of Philosophy of Law & Theory of Institutions at the University of Athens. He studied law, economics, philosophy and history and he received his doctorate degree from the University of Chicago. He is the Director of Research at the Center for Liberal Studies-Athens, a Fellow of the Institute for Research in Economics and Fiscal Issues-Paris, and a member of the Advisory Board of the Society of European Contract Law, the Steering Committee of the European Network for Better Regulation and the Editorial Board of the European Review of Contract Law. He is a member of the academic boards of the Hellenic Foundation for European & Foreign Policy and the Institute for Justice and Growth (EPLO). He served (from 2014 to 2016) as a member of the National Council for Research & Technology, the supreme advisory body of the Greek government for the formulation of the Research, Technology and Innovation policy and for four years (2002-2006) as a member of the steering committee of the European Association of Law & Economics. He is now a member of the National Committee for the Celebration for the Bicentennial of the Greek Revolution (1821-2021). He is the recipient of several fellowships and awards and his papers have been published in such journals as the International Review of Law & EconomicsEuropean Journal of Law & EconomicsCommentaries in Law & EconomicsRevue de Philosophie EconomiqueManagerial and Decision Economics, etc. and in international collective volumes. He has refereed papers for over 30 journals and he has taught as Visiting Professor in Greek, European and North-American universities. He is the co-editor of Law and Economics: Philosophical Issues and Fundamental Questions (Routledge, 2015) and the author (in Greek) of Liberalism (Papadopoulos 2017), Arguments for Liberty (Papadopoulos 2017) and Institutions (Papadopoulos 2018). His book on the Greek Revolution of 1821 will be published in the United States in 2021. His op-eds have been published by the New York Times, the Financial Times, the Wall Street Journal, the Washington Post, the CNBC and other major international and Greek media. He has also given interviews to major international media outlets: BBC, Bloomberg News, Economist, Euronews, GuardianIndependent, London Times, Politico, Spiegel, Time, London Times, Yomiuri Shimbun, USA Today, U.S. National Public Radio, Voice of America, Australian, Belgian, Canadian, Chinese, Dutch, Finnish, French, German, Irish, Italian, Korean, Russian, Spanish, Swedish, Turkish State TV and Radio, etc.)

Selected Publications

“Political History of Modern Greece, 1821-2015” in Encyclopedia of Law & Economics, Alain Marciano & Giovanni Battista Ramello, eds. (Springer, 2nd ed. 2020)

“Revolutionary Censorship: How Lord Byron Censored the first Greek newspaper Greek Chronicles” in the Volume in Memory of Stavros Tsakyrakis, Marialena Tsirli, ed. (Wolf Legal Publishers, 2020)

“The Illiberal Democracy of Ancient Athens” in The Influence of Hellenic Philosophy on the Contemporary World, John G. Dellis & Stephanos A. Paipetis, eds. (Cambridge Scholars Publishing 2019), pp. 44-55.

“Creating an Efficient Institutional Framework for Economic Growth.” (Athens: Center for Liberal Studies, 2019) [in Greek]

“The Limits of Liberty: Moral Externalities, Sen’s Liberal Paradox and Personal Autonomy”, Neusis 26: 49-75 (2018) [in Greek]

“Greece’s Institutional Trap”, Managerial and Decision Economics 39: 838-845 (2018)

Institutions (Papadopoulos Publishing, 2018) [in Greek]

“8 Obstacles to Reforms” in Crisis-Reforms-Growth (Athens: Hellenic Parliament / Government Budget Office, 2017), pp. 59-93. [in Greek]

Arguments for Liberty (Papadopoulos Publishing, 2017) [in Greek]

“What We Learned from the Crisis” (Athens: diaNEOsis, 2017) [in Greek]

Liberalism (Papadopoulos Publishing, 2nd ed, 2017) [in Greek]

“In Defense of Gay Adoption” in ChildrenandImmigration, Vassileios Barros, Maria Dimasi, Theodora Grabani & Grigoria-Karolina Konstantinidou, eds. (Athens: Diadrassi, 2016), pp. 175-214. [in Greek]

“A Law and Economics Framework for Financial Regulation” in The Changing Landscape of Global Financial Governance and the Role of Soft Law, Friedl Weiss & Armin Kammel, eds. (BRILL Martinus Nijhoff Publishers, 2015), pp. 28-46.

“The Institutional Framework for Economic Development: 12 Questions for the Greek Case”, in Economic Aspects of Constitutional Amendment During Crisis (Athens: Hellenic Parliament / Government Budget Office, 2015), pp. 65-78. [in Greek]

“Moral Externalities: An Economic Approach to the Legal Enforcement of Morality” in Law and Economics: Philosophical Issues and Fundamental Questions, A.N. Hatzis & Nicholas Mercuro, eds. (London: Routledge, 2015), pp. 226-244.

Law & Economics, Philosophical Issues and Fundamental Questions (London/New York: Routledge 2015) [edited in collaboration with Nicholas Mercuro].

“Rule of Law, Individual Rights and the Free Market in the Liberal Tradition: The Case of Greece” in Bridging the Gap: Arab-European Dialogue on the Basics of Liberalism, Ronald Meinardus, ed. (Cairo: Friedrich Naumann Foundation for Liberty, 2014), pp. 27-43.

“Rationality and Legal Paternalism” (with Yulie Foka-Kavalieraki), Revue Hellénique des Droits De L’Homme 61: 543-570 (2014). [in Greek]

“Morality, Social Norms and Rule of Law as Transaction Cost-Saving Devices: The Case of Ancient Athens” (with Anastassios Karayiannis), European Journal of Law & Economics 32 (2012)

“Greece as a Precautionary Tale of the Welfare State” in After the Welfare State, Tom G. Palmer, ed. (Washington, DC: Atlas Economic Research Foundation, 2012), pp. 21-30.

“Law as a Transaction-Cost-Saving Device: Coase Theorem and Economic Analysis of Law” in The Role of the Judicial Administration in Business Activity, Popi Kalabouka-Giannopoulou, ed. (Athens: Nomiki Vivliothiki, 2012), pp. 31-59. [in Greek]

“The Contribution of Petros Gemtos in the Law & Economics Literature”, in Volume in Honor of Petros Gemtos (Athens: Ant. N. Sakkoulas, 2012), pp. 47-54. [in Greek]

“Law in Books and Law in Action: The End of Law’s Autonomy and Legal Education in Greece”, Efimeris Dioikitikou Dikaiou 7(2): 250-263 (2012). [in Greek]

“’Politics without Romance’: Distributional Coalitions and Rent-Seeking”, in Volume in Honor of Petros Pararas (Athens-Komotini: Ant. N. Sakkoulas, 2012), pp. 1121-1136. [in Greek]

“Towards an Improved Theory of Rationality in Economics” (with Yulie Foka-Kavalieraki), Revue de Philosophie Economique 12: 3-51 (2011)

““Everything You Always Wanted to Know About the Economics of Sex, Family & Divorce* (*But Were Afraid to Ask)”, in Volume in Honor of Penelope Agalopoulou (Athens: Ant. N. Sakkoulas, 2011), pp. 1523-1537. [in Greek]

“The Theory of Regulation” (with Sonia Nalpantidou), in AdministrationandDemocracy: Quality, Efficiency, Legitimacy. Antonis Makrydemetres, Leonidas Maroudas & Maria-Iliana Pravita, eds. (Thessaloniki-Athens: Sakkoulas Publications, 2010). [in Greek]

“The Economics of Crime”, in Volume in Honor of Calliope Spinellis (Athens: Ant. N. Sakkoulas, 2010), σ. 455-467. [in Greek]

“The Theory of Regulation“ (with Sonia Nalpantidou), Epitheorisi Dioikitikis Epistimis 16: 133-163 (2010). [in Greek]

“The Foundations of a Market Economy: Contract, Consent, Coercion” (with Yulie Foka-Kavalieraki), European View 9: 29-37 (2009).

“From Law and Economics to Better Regulation: A Comparative Survey of Regulatory Impact Assessment” (with Sonia Nalpantidou), in Contemporary Trends in Administrative Science: New Public Management, Corporate Social Responsibility and Civil Society, Antonis Makrydemetres, Leonidas Maroudas & Maria-Iliana Pravita, eds. (Thessaloniki-Athens: Sakkoulas Publications, 2009), pp. 467-484. [in Greek]

“From Soft to Hard Paternalism and Back: The Regulation of Surrogate Motherhood in Greece”, Portuguese Economic Journal 49: 205-220 (2009).

“The Assessment of Compensatory Damages for Medical Error by the Greek Courts: An Economic Analysis” (with Spyros Vliamos), in TheGlobalEconomicsofaChangingEnvironment, James A. Brox & Nicholas C. Baltas, eds. (Toronto: North Waterloo Academic Press, 2009), pp. 239-251.

“An Offer You Cannot Negotiate: Some Thoughts on the Economics of Standard Form Consumer Contracts”, in Standard Contract Terms in Europe: A Basis for and a Challenge to European Contract Law, Hugh Collins, ed. (The Hague: Wolters Kluwer Law & Business, Private Law in European Context Series, Vol. 15 , 2008), pp. 43-56.

“Regulatory Impact Assessment” (with Sonia Nalpantidou), Efarmoges Dimosiou Dikaiou, 21(1): 33-95 (2008). [in Greek]

“The Judicial Modification of Contract Terms in Unconscionable Contracts: A Comparative and Economic Analysis” (with Eleni Zervogianni), Elliniki Dikaiosyne 48: 700-712 (2007) [in Greek]

“Strict Rules and General Standards: An Economic Analysis”, in AdministrativeTheoryandPractice: AdministrationandSociety, Antonis Makrydimitris & Maria-IlianaPravita, eds. (Athens-Thessaloniki: Ant. N. Sakkoulas Publications 2007) [in Greek]

“Civil Contract Law and Economic Reasoning – An Unlikely Pair?”, in TheArchitectureofEuropeanCodes & ContractLaw, Stefan Grundmann & Martin Schauer, eds. (Kluwer Law: Private Law in European Context Series, vol. 8, 2006), pp. 159-191.

“The Negative Externalities of Immorality: The Case of Same-Sex Marriage” Skepsis 17: 52-65 (2006).

“The Participation of Greek Academics in International Scientific Communities (Social Science, Law and Philosophy)”, Episteme & Koinonia 14: 191-209 (2005) [in Greek]

“The Utilitarian Behind the Veil: Reflections on the Maximin Criterion and the Difference Principle in John Rawls’s Theory of Justice”, Revue Hellénique des Droits De L’Homme, Special Issue II: 163-188 (2004) [in Greek]

“Aristotle in Contemporary American Legal Theory”, Ionian Law Review 4: 12-19 (2004) [in Greek]

“‘Just the Oven’: A Law & Economics Approach to Gestational Surrogacy Agreements”, in Perspectives for the Unification or Harmonisation of Family Law in Europe, Katharina Boele-Woelki, ed. (Antwerp: Intersentia, 2003), pp. 412-433.

“Economic Analysis of Contract Law: The Case of Penalty Clauses (GCC 409)”, Digesta 5: 322-343 (2003) “Having the Cake and Eating It Too: Efficient Penalty Clauses in Common and Civil Contract Law”, International Review of Law & Economics 22: 381-406 (2002).

“The Short-lived Influence of the Napoleonic Civil Code in 19th Century Greece”, European Journal of Law & Economics 14: 253-263 (2002).

“The Anti-Theoretical Nature of Civil Law Contract Scholarship and the Need for an Economic Theory”, in Commentaries on Law & Economics 2: 1-65 (2002).

“Introduction to the Modern Liberal Currents in Political and Legal Theory”, in On Liberalism, Christos Zahopoulos, ed. (Athens: I. Sideris 2002), pp. 93-127. [in Greek]

“Economics and the Left”, in The New Social Democracy (The Content of Politics – Institutions – Organizational Structures), Elias Katsoulis, ed. (Athens: I. Sideris, 2002), pp. 113-134. [in Greek]

“An Introduction to Greek Contract Law”, Global Jurist Topics 1: 1-27 (2001).

“The End of Philosophy (according to Rorty) and the Role of Intellectuals”, Episteme & Koinonia 7: 225-238 (2001) [in Greek]

“Rights and Obligations of Third Parties”, in EncyclopediaofLaw & Economics. Vol. III. The Regulation of Contracts, Boudewijn Bouckaert and Gerrit De Geest, editors, (Cheltenham, UK: Edward Elgar, 2000), pp. 200-222.

“Law and Economics in Greece”, in Encyclopedia of Law & Economics. Vol. I. The History and Methodology of Law and Economics, Boudewijn Bouckaert and Gerrit De Geest, editors (Cheltenham, UK: Edward Elgar, 2000), pp. 228-239.

“The Resurrection of Republicanism in American Legal Theory: A Critical Approach”, Episteme & Koinonia 4: 79-116 (2000). [in Greek]

“Time‑Ignorance‑Discovery: An Attempt to Approach Austrian Economic Analysis”, Epikentra 71: 60-79 (1992) [in Greek]

“From Spontaneous Order to the Constitution of Liberty: Introduction to the Political Philosophy of Friedrich A. von Hayek” (with Aspasia Tsaoussis), Epikentra 69: 74-88 (1992). [in Greek]

“Ronald Coase”, Epikentra 68: 77-84 (1991) [in Greek]


More than 500 international citations (Social Sciences Citation Index, Westlaw, Lexis/Nexis, Hein-on-Line, Google Scholar, Social Science Research Network, Academia, Research Gate).