Lawrence M. Friedman It might seem a little bold for an outsider to talk about the status and future of law and economics. (It is probably more than a little bold to talk about the future of anything, if the subject is human beings rather than, say, the orbits of planets.) Instead, I want to express an opinion or two about the status of economics and law and economics in the legal academy; and to suggest (at least on theoretical grounds) that the law and society movement has a claim for a similar status. Right now, the two are hardly on speaking terms. I would like, however, to offer a hope for (if not a prediction of) a reconciliation of sorts.