Efficiency is a slippery term, and legal scholars frequently shift between distinct and even incompatible meanings as is convenient. This lack of clarity can inhibit students from challenging certain claims. To ask “but what do you mean by ‘efficiency’?” can make one appear unsophisticated or pedantic. But that’s precisely the question we should be asking. Because there are good reasons to reject the notions of “efficiency” usually taught in 1L classes, even if — in fact, precisely because — we have good reason to value other forms of efficiency.

As we promised in our post on Monday, below is a list of recommended readings—mostly, but not entirely, from the blog—that helped orient us to the critical and constructive moves of LPE. Our choices are highly partial and subjective, and there is a vast literature on the Blog and elsewhere that can help to orient…

Two 3L LPE fans (and Blog editors) reflect on what LPE has to offer to new law students.

Step into a Trusts & Estates classroom and you’ll find the first thing most students learn is that the guiding principle in U.S. wealth transfer law is freedom of disposition. As the Restatement (Third) of Property tells us: “The organizing principle of the American law of donative transfers is freedom of disposition. Property owners have…

Should law maximize or divide the “economic pie”? Law students learn that smart thinking begins by asking this question. But this question skews legal analysis against a political economy perspective. It implicitly presumes a hierarchy where an abstract idea of economic gain normally stands above and beyond political and moral concerns, bigger in size and…