On Markets and Regulation: Richard Posner’s Conservative Pragmatist Evolution
Law and Financial Markets Review, Vol. 3, No. 6, pp. 539-543, November 2009
6 Pages Posted: 16 Nov 2009 Last revised: 11 Feb 2012
Date Written: November 3, 2009
Book Review: This essay reviews Richard Posner’s A Failure of Capitalism: The Crisis of ’08 and the Descent into Depression (Harvard University Press, 2009). Posner is a leading conservative legal theorists, a founder of the contemporary law and economics movement, and now a self-proclaimed pragmatist. The essay focuses on Posner’s ideas with regard to regulation of the financial industry in light of what he describes as an economic depression in its wake.
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