LPE Originals

In Praise of Blindspots

Economic models produce blindspots, compressing qualitative differences into quantitative measures. Yet, this vice is also the source of their power.

LPE Originals

“As if the Last 30 Years Never Happened”: Towards a New Law and Economics, Part 1

The empirical research we present in this post itself exemplifies how economics can be a powerful tool for examining (and not just assuming) the relationships between the formal structure of the law and the activities of economic exchange. As we lay out further in a subsequent post, legal leftists who fail to engage with the richness of academic economics miss out on many important insights.