The Administrative Procedure Act (APA) distinguishes between “legislative rules” that bind with the force of law and “interpretive rules” that merely interpret existing statutes or rules.
A patent does not magically ensure that an inventor receives the twenty-year personal monopoly to which she is entitled over the personal and commercial use of her invention. To maximize a patent’s value, the patent holder must diligently enforce the patent in federal court against infringers.
The Antiterrorism and Effective Death Penalty Act of 1996 (AEDPA) governs the filing and adjudication of federal habeas corpus petitions.
Consumer contract theory is myopically focused on the unread fine print. Because consumers don’t read their contracts, firms can make “hidden” terms worse without lowering prices.
Many scholars have proposed market-based solutions to the well-known shortcomings of modern securities law.