A data-driven look at the devastating efficacy of a far-right judge-education program

More than 40% of US federal judges have attended Manne seminars, a notionally "bipartisan" educational conference presented by a Florida "Law and Economics" institute whose invited ideological allies explained to judges why pollution is good for minorities (polluted neighborhoods are cheaper and therefore affordable by poor people), unions are bad, monopolies are economically efficient, discrimination in punishment is economically efficient, insider trading is economically efficient, and so on. Read the rest

Superstar academic economists charge $1000+/hr to defend disastrous corporate megamergers

In 1977 Richard Posner (then a prof at the University of Chicago's notorious ultra-libertarian school; now a federal judge) teamed up with an economist and law student to form Lexecon, which has since grown to a firm worth more than $130,000,000, whose major business is to serve as intellectual guns-for-hire who will produce plausible-seeming economic models defending giant corporate mergers against anti-trust regulators. Read the rest