Law Roundtable

Law Roundtable

Exploring the region between Law and Economics.

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Ideas (David Friedman)

"I am an academic economist who teaches at a law school and has never taken a course for credit in either field.”


April 16, 2017, 5:43 pm, 1738257
In two previous posts I described my current project to put together a collection of works of literature that teach economics. Inspired in part by comments to those posts, I now have almost half a book's worth and am looking for more. Here is the current ...


April 2, 2017, 5:43 pm, 1734263
A while back, I put up a post about an idea for a book, a collection of works of literature that taught economic ideas. Thanks to comments on that post, my list has expanded from two works to four, with a few other possibles. The purpose of ...


March 27, 2017, 3:43 am, 1731930
Both of the courses I am teaching this year are being video recorded and webbed. It occurred to me that some of my readers might find one or both interesting.

Economic Analysis of Law
Class Page
Book: Late Draft in HTML  Page Images with Virtual Footnotes


March 17, 2017, 1:43 pm, 1729636
I recently came across a news story which struck me as a good example of how to mislead people, probably for political purposes, without saying anything that was not actually true. The title was "Watch out: Mammals shrink when Earth heats up, study says." The story reported ...


March 11, 2017, 3:43 pm, 1727818

Certainly there will be taxes that relate to automation. Right now, the human worker who does, say, $50,000 worth of work in a factory, that income is taxed and you get income tax, social security tax, all those things. If a robot comes in ...


March 10, 2017, 1:43 pm, 1727629
I just came across a letter I wrote to Edith Efron in 1978 on the anarchist/minarchist controversy. It occurred to me that others might find it interesting. I don't remember if she ever answered it. 
But then, I also don't remember writing it.


March 9, 2017, 11:43 pm, 1727410
One possible interpretation of Trump's actions is that he is ignorant, stupid, impulsive and thin skinned. During the campaign the obvious implication, which many drew, was that he had done and would continue doing stupid things that would lose him the nomination or, if he somehow got the ...


March 8, 2017, 7:43 pm, 1726961
 [Warning: This post assumes the reader understands the Principle of Comparative Advantage. Those who don't will find an explanation here.]
Assortative mating is the pattern of like partnering with like. A standard example is the tendency of men with college degrees ...


March 6, 2017, 3:43 pm, 1726114
It looks as though I will be giving a talk in Moscow on May 30th. If I am going to come that far, I might as well give more than one talk. Is anyone in that part of the world interested? Looking at flights to Moscow, they seem ...


March 4, 2017, 3:43 pm, 1725694
I recently gave and graded a midterm exam on the application of economics to law. On one problem a number of students made the same interesting mistake, interesting for two reasons. It illustrates one of the ways in which it is easy to misunderstand economic ideas. And it ...