The Journal of Legal Studies at Fifty

Abstract

Previous articleNext article FreeThe Journal of Legal Studies at FiftyWilliam H. J. Hubbard and Edward R. MorrisonWilliam H. J. Hubbard Search for more articles by this author and Edward R. Morrison Search for more articles by this author PDFPDF PLUSFull Text Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinked InRedditEmailQR Code SectionsMoreFifty years ago, Richard Posner launched the Journal of Legal Studies. The first article in that first issue was authored by George Stigler and entitled “The Law and Economics of Public Policy: A Plea to the Scholars.” That article concludes, “There are known aspects of our society which most of us wish to improve, and new and different imperfections will continue to appear. If we seek to correct these various deficiencies without knowing how legal systems work and what effects they actually achieve, we shall achieve improvements only by sheer chance. We shall often embark upon programs to aid paupers that further impoverish them. The law and economics of public policy now poorly serve, but can surely be brought to serve powerfully, our social conscience.” Stigler’s plea to scholars remains the mission of the JLS today. Previous articleNext article DetailsFiguresReferencesCited by The Journal of Legal Studies Volume 51, Number 2June 2022 Sponsored by The University of Chicago Law School Article DOIhttps://doi.org/10.1086/722373 2022 by The University of Chicago. All rights reservedPDF download Crossref reports no articles citing this article.