Economics, academia, and corporate money: justice for sale in America

Article Abstract:

Corporate-funded foundations and societies, such as the Olin Foundation and the Federalist Society, are working to indoctrinate judges and young lawyers into believing that the best interests of big business are synonymous with the best interests of American society. Free seminars on economics, such as the Law & Economics Center, have been used to teach a majority of the federal judiciary that regulation is harmful to the economy. While economic analysis does have a place in some judicial decision-making, the economic justice concerns of the American public and Pres. Clinton will mean nothing if laws will not be enforced by the courts.

Judges, Training, Corporations, Nonprofit organizations

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Economics, academia, and corporate money in America: the 'law and economics' movement

Article Abstract:

Corporate influence on academia has increased through the funding of law and economics programs at many law schools. The funding has been funneled through organizations such as the Olin Foundation that are committed to shifting societal views in favor of big business. The top law schools in the US all receive funding that encourages a particular brand of law and economics theory that devalues justice and morality issues in the law. Well-financed seminars on law and economics have also been made available to many US judges.

Beliefs, opinions and attitudes, Chicago school of economics, Monetarism, John M. Olin Foundation

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Revision of the Justice/FTC merger guidelines: the new 'efficiency' defense

Article Abstract:

The two US agencies enforcing corporate governance standards, the Federal Trade Commission and the Department of Justice, give the doctrine that merger leads to efficiency as a reason to approve otherwise anticompetitive combinations. The idea of an 'efficient monopoly', is, however, an oxymoron, since monopoly is the root cause of inefficiency, as no less an authority than Adam Smith has stated.

Standards, United States, Acquisitions and mergers

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