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How Law and Economics Was Marketed in a Hostile World: The Institutionalization of the Field in the United States from the Immediate Post-War Period to the Reagan Years

Author

Listed:
  • Thierry Kirat

    (Université Paris-Dauphine
    PSL Research Université
    IRISSO CNRS)

  • Frédéric Marty

    (Université Côte d'Azur, France
    GREDEG CNRS)

Abstract

This article discusses the institutionalization of the field of Law and Economics in the United States from the post-war period to the Reagan administration. It emphasizes the role of pro-market corporate foundations in the development of Law and Economics. It analyses individual and collective trajectories, including research projects, training programs led with judges, as well as leading academics contributions and judicial and administrative careers. It ultimately focuses on the impact of this institutionalization on judging methods.

Suggested Citation

  • Thierry Kirat & Frédéric Marty, 2021. "How Law and Economics Was Marketed in a Hostile World: The Institutionalization of the Field in the United States from the Immediate Post-War Period to the Reagan Years," GREDEG Working Papers 2021-03, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    • Handle: RePEc:gre:wpaper:2021-03
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    References listed on IDEAS

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    1. Bougette, Patrice & Deschamps, Marc & Marty, Frã‰Dã‰Ric, 2015. "When Economics Met Antitrust: The Second Chicago School and the Economization of Antitrust Law," Enterprise & Society, Cambridge University Press, vol. 16(2), pages 313-353, June.
    2. Matthieu Renault, 2021. "Macroeconomics under Pressure: The Feedback Effects of Economic Expertise," GREDEG Working Papers 2021-02, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    3. Thierry Kirat & Frédéric Marty, 2019. "The Late Emerging Consensus Among American Economists on Antitrust Laws in the Second New Deal," CIRANO Working Papers 2019s-12, CIRANO.
    4. Patrice Bougette & Marc Deschamps & Frédéric Marty, 2015. "When Economics Met Antitrust: The Second Chicago School and the Economization of Antitrust Law," Post-Print halshs-01090048, HAL.
    5. Thierry Kirat & Frédéric Marty, 2021. "How Law and Economics Was Marketed in a Hostile World: the institutionalization of the field in the United States from the immediate post-war period to the Reagan years," Working Papers halshs-03124774, HAL.
    6. James L. Huffman, 2018. "Henry Manne’s subtle but important influences on environmental law," European Journal of Law and Economics, Springer, vol. 46(2), pages 261-270, October.
    7. Nicola Giocoli, 2015. "Old lady charm: explaining the persistent appeal of Chicago antitrust," Journal of Economic Methodology, Taylor & Francis Journals, vol. 22(1), pages 96-122, March.
    8. Guilhem Lecouteux, 2021. "Who's Afraid of Incoherence? Behavioural Welfare Economics and the Sovereignty of the Neoclassical Consumer," GREDEG Working Papers 2021-01, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    9. repec:hal:spmain:info:hdl:2441/1op860fg2l8f4p3acvk2hj0tmn is not listed on IDEAS
    10. Michael R. Baye & Joshua D. Wright, 2011. "Is Antitrust Too Complicated for Generalist Judges? The Impact of Economic Complexity and Judicial Training on Appeals," Journal of Law and Economics, University of Chicago Press, vol. 54(1), pages 1-24.
    11. Haddock, David D & Macey, Jonathan R, 1987. "Regulation on Demand: A Private Interest Model, with an Application to Insider Trading Regulation," Journal of Law and Economics, University of Chicago Press, vol. 30(2), pages 311-352, October.
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    1. Thierry Kirat & Frédéric Marty, 2021. "How Law and Economics Was Marketed in a Hostile World: the institutionalization of the field in the United States from the immediate post-war period to the Reagan years," Working Papers halshs-03124774, HAL.

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    More about this item

    Keywords

    Law and Economics; Foundations; Antitrust; Conservatism;
    All these keywords.

    JEL classification:

    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • N42 - Economic History - - Government, War, Law, International Relations, and Regulation - - - U.S.; Canada: 1913-

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