Part Four of Josh Wright’s series on the Future of Law and Economics is now up. A taste:
[T]here is a profitable opportunity for the production of L&E scholars who will produce, translate, and retail accessible scholarship. This does not necessarily mean informal scholarship. It includes theorists and econometricians who understand and are interested in studying law and legal institutions, and who also have the ability to communicate with both economists and legal academics. Competition among empirical L&E types in law schools will intensify as these methods increase in value and entry level JD/PhDs find homes at top programs. But what about theorists doing relevant and accessible work? What about informal L&E scholars and economic theorists in the model of Coase, Alchian and Demsetz? What about price theory and the law in the spirit of Becker?
Who will train the next generation of L&E scholars?
For the answer, read Wright’s post!
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