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Law and Economics in the Future of Legal Scholarship, Education, and Practice

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  • Th. S. Ulen

Abstract

Law and economics has become the dominant style of legal scholarship in the United States. This Article considers and illustrates the ways in which law and economics has affected and will affect legal scholarship, education, and practice. After first defining law and economics as a method by which to predict and measure law’s impact on behavior, the Article makes the claim that the central, lasting impact of law and economics on the field of law is through its importation of the scientific method into legal inquiry. The Article illustrates this claim through theoretical and empirical examples.

Suggested Citation

  • Th. S. Ulen, 2008. "Law and Economics in the Future of Legal Scholarship, Education, and Practice," Review of Business and Economic Literature, KU Leuven, Faculty of Economics and Business, Review of Business and Economic Literature, vol. 0(3), pages 218-238.
  • Handle: RePEc:ete:revbec:20080301
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    File URL: http://feb.kuleuven.be/rebel/jaargangen/2001-2010/2008/RBE%202008-3/2008-3%20-%20Ulen.pdf
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    More about this item

    Keywords

    Law & Economics;

    JEL classification:

    • A2 - General Economics and Teaching - - Economic Education and Teaching of Economics
    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)

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