The field of intellectual property (IP) law today is focused, as the name itself advertises, on one particular institutional approach to scientific and cultural production: IP. When legal scholars explain this focus, they typically do so with reference to the virtues of price. Because price gives us a decentralized way to link social welfare to the production of information, IP is alleged to be...
Congress in Court
Congress rarely participates in litigation about the meaning of federal law. By contrast, the executive branch joins in federal litigation on a regular basis as either a party or amicus curiae. Congress simply assumes that the president’s lawyers adequately represent its interests save in those rare instances when the two branches have a direct conflict. This Article questions that assumption...
Liability Holding Companies
An international debate continues to unfold in banking, corporate governance, and finance on whether the capital structure of the world’s largest financial institutions is too heavily dependent on debt, too little on equity. Two of us, with coauthors, have argued elsewhere that there is no socially beneficial purpose for this overreliance on debt, and that such reliance increases the likelihood...
test
Without much fanfare, at least two federal agencies—the Department of Transportation (DOT) and the Environmental Protection Agency (EPA)—have recently made changes to their cost–benefit analysis procedures. The changes are technical and may not seem especially exciting, even to those predisposed to read regulatory impact analyses. But they have the potential to affect substantive regulations...
Lies, Honor, and the Government’s Good Name: Seditious Libel and the Stolen Valor Act
Later this term the Supreme Court will decide the constitutionality of the Stolen Valor Act, which punishes anyone who falsely represents themselves to have been awarded certain military medals. Although the Court declared the crime of seditious libel inconsistent with the First Amendment long ago, the Act revives something very like that crime. The connection between the two crimes is not...
Tinkering With the Machinery of Life
Recent adjustments by the Environmental Protection Agency (EPA) and the Department of Transportation (DOT) to their cost–benefit analysis procedures could cause tremendous changes to federal regulation. For decades, federal agencies have calculated the value of a statistical life (VSL) and have used that number when evaluating the costs and benefits of proposed regulations. If a regulation was...
Putting Down: Expressive Subordination and Equal Protection
William M. Carter, Jr., divides race-conscious policies into those that concretely disadvantage minorities and those that do not subordinate them at all, but merely express the policymaker’s race-consciousness. The main aim of this Article is to introduce a third category that his dichotomy excludes: race-conscious policies that amount to expressive subordination. To subordinate people...
Learning in Lockdown: School Police, Race, and the Limits of Law
Nationally, K–12 schools are increasingly relying on police officers and criminalized security measures like metal detectors and random searches in an attempt to make schools safer. In New York City, officers patrolling prison-like schools have acutely harmful effects, leading the New York Civil Liberties Union (NYCLU) to file a class action lawsuit in 2010 alleging the systemic violations of...