Featuring John Allison, President and CEO, Cato Institute; James A. Dorn,Vice President for Monetary Studies and Senior Fellow, Cato Institute; and Mark Calabria, Director of Financial Regulation Studies, Cato Institute; moderated by John Maniscalco, Director of Congressional Affairs, Cato Institute.
In Bootleggers & Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics, economists Bruce Yandle and Adam Smith explain how money and morality are often combined in politics to produce arbitrary regulations benefiting cronies, while constraining productive economic activities by the general public.
Featuring the author Brian Tamanaha, William Gardiner Hammond Professor of Law and Israel Treiman Faculty Fellow, Washington University Law School; with comments by Neal McCluskey, Associate Director, Center for Educational Freedom, Cato Institute; and Paul Campos, Professor of Law, University of Colorado at Boulder and Author, Don’t Go To Law School (Unless); moderated by Walter Olson, Senior Fellow, Cato Institute and Author, Schools for Misrule: Legal Academia and an Overlawyered America.
For decades, American law schools enjoyed one of the world’s great winning streaks. Amid swelling enrollments and what seemed an insatiable demand for new lawyers, they went on a spree of expansion; even as tuitions soared, the schools basked in an air of public-interest rectitude symbolized by Yale law dean Harold Koh’s description of his institution as a “Republic of Conscience.” Then came the Great Recession—and a great reckoning. New graduates were unable to find decently paying legal jobs even as they staggered under enormous debt burdens; it became impossible to ignore long-standing complaints from the world of legal practice that the law curriculum does not train students well in much of what lawyers do; and creative efforts to reduce the cost of law school were stymied by an accreditation process that closely constrains the format of legal education.
In Failing Law Schools, one of the most talked-of books in years about higher education, Brian Tamanaha of Washington University has written a devastating critique of what went wrong with the American law school and what can be done to fix it. None of the key contributors to the problem—faculty self-interest, university administrators’ myopia, cartel-like accreditation—escape unscathed in his analysis. Please join us for a luncheon on January 16 at which Tamanaha will discuss his book.