'Don't Try this at Home': Posner as Political Economist
University of Chicago Law School
University of Chicago Law Review, Vol. 74, 2007
U of Chicago Law & Economics, Olin Working Paper No. 351
This short essay, written for a symposium commemorating Richard Posner's twenty-fifth year as a judge, examines Judge Posner's assessment of a comprehensive ordinance regulating the rental housing market in Chicago Board of Realtors v. City of Chicago. The essay suggests that Posner's reliance on the economic literature regarding landlord-tenant regulation was laudable and that the conclusions he drew from applying the economic literature were plausible. Posner's analysis of the political economy of such regulations, however, is unpersuasive, and seems to be driven by an unfortunate projection of Posnerian intuitions onto the mind of the median Chicago voter.
Number of Pages in PDF File: 14
Keywords: Rental housing, landlord, tenant, affordable housing, Posner, political economy
Date posted: July 26, 2007