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Very Like a Law Professor: An Essay in Honor of Tom Ulen, 2011 University of Illinois Law Review 1767 (2011)

Abstract

This Essay explores the future of law and economics. The author

begins by reviewing Tom Ulen's attempts at predicting the field's

future in 1997 at his lecture "Very Like a Whale." He then follows

Tom Ulen's idea that law and economics scholars might do well to

engage in more "controlled experiments" to make his own set of predictions.

His first prediction is that law and economics scholars during

the next decade will exploit regression discontinuity to tease out

the causal impact of legal rules. Next, he predicts that law and economics

scholars will exploit unintended experiments to tease out

causal impacts of the law. Finally, the author predicts that law and

economics scholars will, with the help of government officials, conduct

intentional experiments to tease out causal impacts of the law.

Date of Authorship for this Version

2011

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