It is perilous to predict the future. Let’s say, a long time ago looking back from now, law and economics looked much as it does today. Today we have more economics PhDs, particularly scholars with joint degrees. The easiest prediction, then, is that the trends will continue. We will see more integration with economics departments, more professionalization of the field, better econometric techniques, and expansion into new areas and new legal problems. But things will pretty much continue as they are.
That is my safe bet, and it would not be a bad future. Let me venture out onto a limb, or more likely a twig, and say where I would like things to go and, perhaps being optimistic, where things will go. Law and economics developed as the study of the traditional first-year law school issues of torts, contracts, property, criminal law, and procedure. These are the first-year law school courses because they are the building blocks of other areas of law. It was a smart place to start.
In the Rules and regulations of New England Mills we can see a total of 9 Rules, “rule first – each one to enter the house without unnecessary noise or confusion… at this time it’s the same, you have to be respectful in places where you need to be.
If we were to list some of the central problems or areas of law facing us today, we would list areas like banking and finance, poverty and inequality, development, education, health care, and energy and the environment.
Studying these rules, you can see that with the time the world change in different aspects but also there are another aspects in which don’t change that much…
Second rule: Each one to have their place at the table during meals, the two which HAVE WORKED THE GREATEST LENGTH OF TIME IN THE FACTORY to sit on each side of the head of the table…. Basically here at Missouri military academy, it’s actually the same in different terms; the two guys with mayor position or rank in the table are the cardboards.
Rule number three says that “It is expected that order and good manners will be preserved at table during meals and at all other times either upstairs or down” the part of good manner will be preserved at table during it’s a thing that still happening all the time since that old regulations until now… it’s a thing that…