We Are What We Read

ICLE’s We Are What We Read: Law & Economics Scholarship Past and Present series reviews both foundational and contemporary works in law & economics and evaluates their place in the field’s canon. Written by ICLE scholars, affiliates, and fellows, each review considers what qualifies the work as law & economics scholarship, as well as its lasting or emerging contributions to the field. By revisiting classics and engaging with recent innovations, We Are What We Read illuminates how law & economics defines itself, adapts to new challenges, and continues to shape legal theory, policy, and analysis.

‘The Value of the Ability to Deal with Disequilibria,’ by Theodore Schultz


The most valuable skill in the age of artificial intelligence (AI) may not be coding, prompt engineering, or any of the other competencies appearing in job listings. It may be the ability...

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