Economics
This is extract from a article submitted to the Yale Law Journal entitled "How not to succeed in Law School" by James D Gordon:
"There are two schools of thought that should be considered in detail, followers of Critical Legal Studies who believe that all law is aimed at SUPPORTING free market capitalism, and Lawyer Economists who believe that all law in an unwarrented INTERFERENCE with free market capitalism. Other than that the two groups pretty much see eye to eye*.
Econs basically believe that material wealth is the highest human value, and that justice, fairness, dignity and protecting the helpless all cost money and are therefore "economically inefficient". The money would be better spent on much more trancendant things, like pet rocks, hemorrhoid pads, and other items needed to satisfy AGGREGATE DEMAND.
Econs prove their theories be devising little mathematical formulas which assume whoel truckloads of untrue things and then come to a particular conculsion. The conclusion is always - get this - "the market will take care of itself." According to the Econs - I am not making this up either - there is a GIANT INVISIBLE DISEMBODIED HAND that magically takes care of everything. Before you get too excited by this, remeber that this is the same invisible hand that gave us the invisible GREAT DEPRESSION. Oh. That invisible hand.
When you point out that the assumptions in the formulas are simplisting (a euphemism for false), the Econs get really testy and tell you that you don't understand that discipline^. Besides, although sitting in an office and writing mathematical formulas may not be the most effective way to solve the world's problems, it is at least one of the highest paid, and you can't have everything. Morevover, Law and Economics doesn't require any empirical studies, which, afterall, would be tedious and time consuming. So the Econs don't want to hear you say that their beautiful theories are about to be murdered by a brutal gang of facts. Also they have no time to listen to you as they are too busy trying to get the maths section back on the LSAT.
*Compare the debate between liberals and conservatives. Liberals want to regulate business activitiy but not sexual conduct, while conservatives want precisely the opposite.
^Economics is a closed system; internally it is perfectly logical, operating according to a consistent set of principles. Unfortunately, the same could be said of psychosis". (Jones and Wilson, An Incomplete Education)"
"There are two schools of thought that should be considered in detail, followers of Critical Legal Studies who believe that all law is aimed at SUPPORTING free market capitalism, and Lawyer Economists who believe that all law in an unwarrented INTERFERENCE with free market capitalism. Other than that the two groups pretty much see eye to eye*.
Econs basically believe that material wealth is the highest human value, and that justice, fairness, dignity and protecting the helpless all cost money and are therefore "economically inefficient". The money would be better spent on much more trancendant things, like pet rocks, hemorrhoid pads, and other items needed to satisfy AGGREGATE DEMAND.
Econs prove their theories be devising little mathematical formulas which assume whoel truckloads of untrue things and then come to a particular conculsion. The conclusion is always - get this - "the market will take care of itself." According to the Econs - I am not making this up either - there is a GIANT INVISIBLE DISEMBODIED HAND that magically takes care of everything. Before you get too excited by this, remeber that this is the same invisible hand that gave us the invisible GREAT DEPRESSION. Oh. That invisible hand.
When you point out that the assumptions in the formulas are simplisting (a euphemism for false), the Econs get really testy and tell you that you don't understand that discipline^. Besides, although sitting in an office and writing mathematical formulas may not be the most effective way to solve the world's problems, it is at least one of the highest paid, and you can't have everything. Morevover, Law and Economics doesn't require any empirical studies, which, afterall, would be tedious and time consuming. So the Econs don't want to hear you say that their beautiful theories are about to be murdered by a brutal gang of facts. Also they have no time to listen to you as they are too busy trying to get the maths section back on the LSAT.
*Compare the debate between liberals and conservatives. Liberals want to regulate business activitiy but not sexual conduct, while conservatives want precisely the opposite.
^Economics is a closed system; internally it is perfectly logical, operating according to a consistent set of principles. Unfortunately, the same could be said of psychosis". (Jones and Wilson, An Incomplete Education)"
posted by Kait at 3:57 pm
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