An earlier episode of (canon) law and economics:

"Another aspect of penitential satisfaction that called for a knowledge of
the latest teachings of the canonists was the restitution of ill-gotten
gains. Restitution, in the ancient law codes, was a rather simple procedure
requiring little sophisticated analysis on the part of the confessor; the
penitent was advised to return stolen property and to perform a penance for
the sin. With the growing complexity of the later medieval economy, the
opportunities for new and more subtle types of illicit gain multiplied
apace. If priests were to judge wisely in the internal forum they needed to
understand some of the intricacies of the new profit economy. It is
generally acknowledged that the groundwork for the modern discipline of
economics was laid by medieval canonists and theologians in their
discussions of usury, simony, tithes, and just price. This scholastic
analysis was undertaken not for its own sake, however, nor for its
relevance to the church courts, but because it was necessary for preparing
confessors and judges in the internal forum."

"THE INTERNAL FORUM AND THE LITERATURE OF PENANCE AND CONFESSION," JOSEPH
GOERING, p. 200.


On Mon, Aug 25, 2014 at 9:06 PM, Eubulides <[email protected]> wrote:

> http://s-usih.org/2014/08/explaining-the-rise-of-law-and-economics.html
>
>
>                 Three Ways of Explaining the Rise of “Law and Economics,”
> and Also, One Way (Guest Post by Sara Mayeux)
>
>
>                         Posted on August 23, 2014  by  L.D. Burnett
>
>
>
>
> [The
>  following is a guest post by Sara Mayeux, a Sharswood Fellow at the
> University of Pennsylvania Law School and a PhD candidate in history at
> Stanford. Her research focuses on the history of American criminal law
> and institutions. She can be found on Twitter at @saramayeux.]
> [snip]
>
>
> But the real star of Teles’s account is Henry Manne, “the movement’s
> first organization entrepreneur” (101). Across stints at George
> Washington University, the University of Rochester, the University of
> Miami, and Emory, and ultimately as dean of the George Mason University
> Law School, Manne proved a tireless organizer who, through trial and
> error, became adept at securing funding from conservative and
> libertarian patrons such as the Olin Foundation and the Liberty Fund. At
>  Rochester, Manne hosted summer economics seminars for law professors,
> designed to equip them with microeconomics tools that they could
> incorporate in their scholarship. In 1973, he turned down an offer at
> Yale and instead moved to Miami, where he could have free rein to start a
>  Law and Economics Center and do whatever he wanted with it. There,
> Manne continued to host gatherings of law professors and also started an
>  annual institute for federal judges, giving them a free trip to a
> luxury South Florida resort in exchange for sitting through two weeks of
>  economics seminars. “At its height, in 1990,” Teles notes, “the
> Economics Institute for Federal Judges hosted 40 percent of the federal
> judiciary, including [then-appellate judges] Ruth Bader Ginsburg and
> Clarence Thomas” (113).
> Manne’s programs, Teles concludes, were important not just or even
> primarily because they equipped lawyers and judges with economics
> concepts, but because they symbolically “helped erase law and economics’
>  stigma, since if judges … took the ideas seriously, they could not be
> crazy and irresponsible” (217). Although Manne’s organizing efforts hit
> upon several roadblocks due to personality conflicts and, ultimately, a
> falling out with the Olin Foundation, over the long run, he proved
> remarkably successful at promoting and institutionalizing law and
> economics within the legal academy. Indeed, Teles suggests that, without
>  Manne’s unique entrepreneurial talents, “it is far from certain that
> anyone else would have built the movement’s organizational
> infrastructure” (133).
>
> [Henry Manne, the man who launched thousands of inside traders who
> incessantly capture the so-called rents of monetary nihilism]
>
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>



-- 
Cheers,

Tom Walker (Sandwichman)
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