Can economics and law go together?

[TOFU MONSTER]

is economics fun?

[Dr Animal Mother]

I study economics at univeristy and I had to study business law in the first year. I wouldnt say economics is fun but it depends on the individual.

[BP1989]

Let me guess, you want to go to law school but you don't know what to do undergraduate? If this is the case, this is what I have to say (if it's not then ignore this paragraph and go to the next): If you plan on being a lawyer or doing something law related, you're better off doing something like psychology, political science, sociology or any of the other social studies as undergraduate. While economics is a social study, it has a lot of math theory in it. I do not know how you are with math but from what I gather, most people who want to be lawyers are horrible at math...Anyways, I wouldn't do economics as undergrad going into law school. It's unnecessarily harder and law schools will always look at your GPA and not the subject. So, even if you do something harder like economics and get a 3.5GPA at the end, the law school will favor someone who gets a 3.7 at something easier like philosophy. And the two don't go together that much either.

Does law and economics go together? In very few cases. Not that much. Is it fun? To me personally, it's fun to discuss but it's not something that I would do for work. It depends on the individual, I guess.

[OPM]

Yes and no. Economics is the science of how people make choices when confronted with scarce resources. Although it studies choices regarding sex, power and money, there is a strong tendency to focus on money since it is easy to observe. The underlying idea of economics is that if you have x resources, people will use them up. So the question becomes how, when and under what circumstances will they be used up. This differs from psychology which studies perception, motivation and so forth, in the absence of constraint. Sociology studies societal structures and political science studies the use of power.

So, among the sciences, it does go together, but laws are usually constructed in sub-optimal ways as a result of compromise. As such, economics tells you where laws are less than socially efficient, but will in no way help with the practice of law. Philosophy, psychology or political science are more practical in the practice of law.

It can be fun or mind numbingly boring. It really depends upon the instructors and of course, your idea of fun. IT IS NOT SKYDIVING, it is a very staid methodology of thinking about problems. Still, it can be fun if you use it to look in a room and pick out which girls are single, which are in committed relationships and which are married, or even 'mommies'. Look at clothing lengths in a room of young females and you will see what I mean. They are in an auction of a finite resource, single worthwhile men, but with plenty of competition and supply for any given specific man.

Where it would be useful in law is in social settings like the above, what would motivate a certain thing, such as skirt length. How should evidence be arranged based on constraints? Psychology would be more useful.