Friday, July 27, 2012

Chinese Scholars Come to Chicago to Study Law and Economics

by Meredith Heagney

University of Chicago
Law School Office of Communications

July 27, 2012

Six dozen scholars from China, Taiwan, and Hong Kong lined up on the steps behind the Law School, waiting eagerly to have their photograph taken with a man that many consider a personal hero. When Professor Ronald Coase appeared at the door, they erupted into applause.

These scholars are very familiar with the work of the Law School’s Professor Emeritus and Nobel Prize Winner. They have read his writing, assigned his papers to classes they teach, and have worked to apply his insights to the Chinese legal system. Simply put: As the father of law and economics, Coase is a rock star to them. So naturally, they swarmed around him, snapping his picture and thanking him for his many contributions.

Their enthusiasm didn’t end there. The 72 students of the Chicago Summer School in Law and Economics, which focused on Property Rights and Private Law, were intent on learning all they could during the intensive two-week course from July 9 to 20.

In China, where most of the scholars reside, the academic discipline of law and economics is a new one, full of potential insights for the country’s rapidly evolving legal and economic systems. So these scholars chose to travel the 6,500 miles or so to Chicago to study at the birthplace of law and economics, the University of Chicago Law School.


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