Discrediting the Free Market
Review of: The Progressive Assault on
Laissez Faire:
Robert Hale and the First Law and Economics Movement
by Barbara Fried
Ian Ayres
66 U Chi L Rev 273 (1999)
The Progressive Assault on Laissez Faire: Robert Hale and the
First Law and Economics Movement traces the career of Columbia
Law School Professor Robert Hale, who used principles from finance and
economics to attack justifications for constitutionalizing laissez faire
during the Lochner Era. The reviewer argues that while Hale's policy
prescriptions may miss the mark, his refutation of a priori defenses
of the free market is nonetheless important for contemporary debates
over the appropriate levels of regulation and redistribution.
|