Coase-Sandor Institute for Law and Economics

Ronald Coase Op-Ed on China in Wall Street Journal

How China Made Its Great Leap Forward
Ronald Coase and Ning Wang
The Wall Street Journal
April 6, 2012

China's post-Mao market transformation is one of the most dramatic and momentous events of our time. It has lifted hundreds of millions out of extreme poverty, freed one fifth of humanity from ideological radicalism, revived one of the oldest civilizations, and inspired all of us to explore the benevolence of the market.

Eric Posner on Why It Should Be Illegal to Speculate Using Financial Derivatives

Not Worth the Gamble
Eric Posner and Glen Weyl
Slate
April 4, 2012

On Monday, the U.S. Commodity Futures Trading Commission issued an order prohibiting the marketing of a new set of derivatives that would have enabled traders to bet on the winners of national elections.

Faculty: 
Eric Posner

Todd Henderson's 'Regulation' Article on Paying Bank Examiners for Performance

Paying Bank Examiners for Performance
M. Todd Henderson and Frederick Tung
Regulation
April 5, 2012

Few doubt that executive compensation arrangements encouraged the excessive risk taking by banks that led to the financial crisis of 2008. Accordingly, academics and lawmakers have called for the reform of banker pay practices. But regulator pay is to blame as well, and fixing it may be easier and more effective than reforming banker pay.

Faculty: 
M. Todd Henderson

Anu Bradford, "The Brussels Effect: The Rise of a Regulatory Superstate in Europe"

It is common to hear Europe described today as the power of the past. Europe is perceived to be weak militarily. Its relative economic power is declining as Asia’s is rising. Its common currency may be on the verge of disintegrating. On the world stage, the European Union is thought to be waning into irrelevance due to its inability to speak with one voice.

Epstein on "Justice Kennedy's Million Dollar Question"

Justice Kennedy's Million Dollar Question
Richard A. Epstein
Defining Ideas
April 3, 2012

The entire landscape of Congress’s constitutional powers changed on March 27, 2012, when, very early in the argument over the individual mandate, Justice Anthony Kennedy asked a somewhat shaken Solicitor General Donald Verrilli this simple question: “Can you

Faculty: 
Richard A. Epstein

Eric Posner's Bloomberg Op-Ed Advocates an FDA for Securities

An FDA for Securities Could Help Avert Crises
Eric Posner and Glen Weyl
Bloomberg.com
April 2, 2012

In February, Mary Schapiro, chairman of the Securities and Exchange Commission, said the agency is looking for ways to rein in

Faculty: 
Eric Posner

Baird and Morrison Win Writing Prize from American Bankruptcy Institute

Profs. Baird and Morrison Win Second Annual Judge Wesley Steen Law Review Writing Prize for Article on Dodd-Frank
John Hartgen
abiworld.org
March 28, 2012

Profs. Douglas G. Baird of the University of Chicago Law School (Chicago) and Edward R. Morrison of Columbia Law School (New York) [ed.

Faculty: 
Douglas G. Baird

Epstein Examines Constitutionality of Obamacare

Obamacare: An Unconstitutional Misadventure
Richard A. Epstein
Defining Ideas
March 26, 2012

This week, the United States Supreme Court has on its plate the defining legal issue of our time—the constitutionality of the Patient Protection and Affordable Care Act (ACA), which I have already commented on from a doctrinal and historical perspective.

Faculty: 
Richard A. Epstein