Richard Posner

"The importance to economics of the study of institutions is no longer a controversial proposition, thanks in part to the scholarly literature generated by the new institutional economics movement. Ins…"

"I wish in closing to emphasize how little corporate philanthrophy is actually philanthropic, in the sense of being driven by altruism rather than by profit maximization."

"My reaction to “creative capitalism” as lauded by Bill Gates, Warren Buffett, Michael Kinsley, and , Professor Glaeser of the Harvard Economics Department is a skeptical one. The embrace of massive co…"

"One thing we’ve learned from the economic events of the past two years is that macroeconomics, or at least the part of macroeconomics that studies the business cycle, is a weak field. With only a few …"

"Jurisprudence addresses the questions about law that an intelligent layperson of speculative bent — not a lawyer — might think particularly interesting."

"As conceived in this book, economics is the science of rational choice in a world─our world─in which resources are limited in relation to human wants. The task of economics, so defined, is to explore …"

"If judges are pragmatic, as I think they largely are in our system, it can only be in the everyday sense of the term. But immediately the counterexample of Holmes, a gifted and serious though not syst…"

"Although there are other heresies in The General Theory, along with puzzles, opacities, loose ends, confusions, errors, exaggerations, and anachronisms galore, they do not detract from the book's rele…"