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23 T. M. Cooley L. Rev. 157 (2006)
The Academic Equivalence of Science and Law: Normative Legal Scholarship in the Quantitative Domain of Social Science

handle is hein.journals/tmclr23 and id is 163 raw text is: THE ACADEMIC EQUIVALENCE OF SCIENCE AND LAW: NORMATIVE LEGAL SCHOLARSHIP IN THE QUANTITATIVE DOMAIN OF SOCIAL SCIENCE BY: DAVID MONSMA' I. INTRODUCTION The status of law courses and law faculty in business schools has grown significantly in recent decades,2 but the reality is that law brings a different voice to the business school. Professional differences remain about the role of law or law faculty teaching in non-law settings and schools.4 It is evident, for instance, that more than a few in the professoriate holding research doctorates are inclined to view the practice of law as antithetical to scholarship.5 Moreover, faculty trained in other disciplines may not entirely appreciate the role of law in enabling firms to achieve competitive advantage'6 or may doubt that the law does anything other than add to the operating costs of doing business.7 Law faculty teaching in 1. David Monsma, J.D., was Assistant Professor of Law and Social Responsibility at Loyola College in Maryland from 2002-2006. Professor Monsma is now the Executive Director of The Aspen Institute's Energy and Environment Program in Washington, D.C.. 2. THE STATUS OF LAW IN ACADEMIC BUSINESS STUDY: 1998 REPORT OF THE PRESIDENT'S TASK FORCE, http://cba.unomaha.edu/faculty/mohara/web/ALSBsta8.htm (last visited Oct. 28, 2006) (The status of law in academic business study intertwines with several factors internal and external to higher education itself.). 3. George J. Siedel, Six Forces and the Legal Environment of Business: The Relative Value of Business Law Among Business School Core Courses, 37 AM. BUS. L.J. 717, 742 (2000). 4. See Karen L. Tokarz, Justice, Ethics, and Interdisciplinary Teaching and Practice, 14 WASH. U. J.L. & POL'Y 1, 2 n.2 (2004). 5. Lawrence M. Friedman, Law Reviews and Legal Scholarship: Some Comments, 75 DENV. U. L. REv. 661, 662 (1998). 6. Siedel, supra note 3, at 742; see, e.g., id. at 738 (The net result of the six forces (regulation, litigation, globalization, entrepreneurship, technology, and compliance) is that the legal environment plays an increasingly important role in the success of the firm.). 7. See, e.g., Timothy F. Malloy, Regulation, Compliance and the Firm, 76 TEMP. L. REv. 451,453-54 (2003). Two visions of the firm dominate the compliance literature. The first is the firm as a rational profit-maximizer, obeying the law only when it is in the firm's best economic interest to do so. Thus, violations occur

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