I remember reading about the Coase theorem years before I became an economist or lawyer. As much as I am trained as a mathematical economist and as a lawyer, and as much as I respect Posner, I am suspicious of some of the more expansive claims of the law and economics types. Although as an economist, my training precedes the "ratex" heyday, my views were shaped by lots of Gary Becker (Human Capital, Economic Theory), Armen Alchian, Gerard Debreu, etc.
posted on 02/21/2003 7:40:31 AM PST
(Ceterum Censeo Mesopotamiam Esse Delendam)
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