The Future of Law and Economics in the British Legal Academia

Abstract:     
In this paper, I identify the reason for the tepid reception of law and economics scholarship in British academia to the lack of sufficient ability in mathematical and statistical skills among British legal scholars. I offer some evidence of the importance of competency in these economic literacy skills for success in law and economics scholarship, by analysing journal editorship as a proxy for success. I then discuss how the institutional structure for legal and economic education in the UK leads to the lack of these essential economic literacy skills. And finally, I offer some suggestions on how, by establishing a doctoral programme in law and economics within the legal academia, the problem of law and economics scholarship may be overcome.

Number of Pages in PDF File: 14

Keywords: Law and economics, History

working papers series