每年，莫里斯L. Cohen学生论文竞赛鼓励学者探讨法律历史，珍稀书籍和法律档案的领域，并以美国法律图书馆（AALL）和法律图书馆员的熟悉的主持人.Gale很荣幸金宝搏彩票to partner with AALL to facilitate the prizes for the winners of this year competition by providing a cash stipend and travel allowance to AALL’s annual meeting.
今年的胜利者来自Suny Stonybrook。查看他在下面的屡获殊荣的文章的摘要，我们会在费城见到你！
Lay Justices and Local Finance in Early New York
By Sung Yup Kip
Living in the twenty-first century, it is hard to imagine economic life without the existence of credit. How many of us hasn’t had to borrow money at one point in life (unless you belong to that fabled one percent), whether in the form of taking a student loan, taking out a mortgage, or simply letting credit card debt pile up? Credit, perhaps just as much as money itself, is the lifeblood of the modern economy, allowing us to get by when our meager earnings fall short of our daily needs. People of course lent and borrowed money long before the advent of market economies and capitalism, but in pre-modern economies credit was often extended on a personal basis, whereas modern credit markets revolve around formal credit instruments supported by the firm hand of law. Thanks to this legal-financial system, borrowing no longer has to be limited to one’s immediate acquaintances, and creditors feel more secure about lending money to strangers, thus making more credit available in the market.