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Antitrust laws are traditionally used to attack monopolies like Facebook and Google who are able to either charge high prices or degrade the quality of their services because customers cannot switch to competitors. Antitrust laws are also used to attack cartels of businesses, which fix prices. In recent years, it has become clear that firms with market power not only charge higher prices. They also suppress wages, injuring workers. In this boo...

A New York Times Book Review Editor's Pick What Happens to Democracy When a Demagogue Comes to Power?"It is hard to imagine understanding the Trump presidency and its significance without reading this book." -Bob Bauer, Former Chief Counsel to President Barack Obama What-and who-is a demagogue? How did America's Founders envision the presidency? What should a constitutional democracy look like-and how can it be fixed when it appears to be brok...

A New York Times Book Review Editor's Pick What Happens to Democracy When a Demagogue Comes to Power?"It is hard to imagine understanding the Trump presidency and its significance without reading this book." -Bob Bauer, Former Chief Counsel to President Barack Obama What-and who-is a demagogue? How did America's Founders envision the presidency? What should a constitutional democracy look like-and how can it be fixed when it appears to be brok...

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Many blame today's economic inequality, stagnation, and political instability on the free market. The solution is to rein in the market, right? Radical Markets turns this thinking on its head. With a new foreword by Ethereum creator Vitalik Buterin and virtual reality pioneer Jaron Lanier as well as a new afterword by Eric Posner and Glen Weyl, this provocative book reveals bold new ways to organize markets for the good of everyone. It shows h...

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The bailouts during the recent financial crisis enraged the public. They felt unfair-and counterproductive: people who take risks must be allowed to fail. If we reward firms that make irresponsible investments, costing taxpayers billions of dollars, aren't we encouraging them to continue to act irresponsibly, setting the stage for future crises?

Many blame today's economic inequality, stagnation, and political instability on the free market. The solution is to rein in the market, right? Radical Markets turns this thinking--and pretty much all conventional thinking about markets, both for and against--on its head. The book reveals bold new ways to structure markets for the good of everyone. It shows how the emancipatory force of genuinely open, free, and competitive markets can reawake...

Taking up the common objections raised by both right and left, Posner argues that future bailouts will occur. Acknowledging that inevitability, we can and must look ahead and carefully assess our policy options before we need them.

An anthology of articles on law and economics. The first part contains more traditional law and economics articles, covering a range of conventional legal topics. The second part attempts to introduce new methodological techniques and subject-matter concerns to law and economics.

In Terror in the Balance, Posner and Vermeule take on civil libertarians of both the left and the right, arguing that the government should be given wide latitude to adjust policy and liberties in the times of emergency. They emphasize the virtues of unilateral executive actions and argue for making extensive powers available to the executive as warranted. The judiciary should neither second-guess security policy nor interfere on constitutiona...

Legal scholars Eric Posner and Adrian Vermeule argue that the great complexity of the modern world produces a concentration of power, particularly in the White House. The authors chart the rise of executive authority and they look at the legislation which was designed to limit the presidency, but failed to do so. Political, cultural and social restraints, they argue, have been more effective in preventing dictatorship than any law. Indeed, the...

Legal scholars Eric Posner and Adrian Vermeule argue that the great complexity of the modern world produces a concentration of power, particularly in the White House. The authors chart the rise of executive authority and they look at the legislation which was designed to limit the presidency, but failed to do so. Political, cultural and social restraints, they argue, have been more effective in preventing dictatorship than any law. Indeed, the...

Demonstrates that the weaknesses of international rule of law confound legalist ambitions - and that whatever their professed commitments, all nations stand ready to dispense with international agreements when it suits their short- or long-term interests.