This paper analyzes the evolution of U.S. patent law between the first patent act in 1790 and 1870, the passage of the last major patent act of the nineteenth century. During most of the nineteenth century, patent law developed in the courts, and instrumental to this development were a...

The doctrine of equivalents (DOE) allows courts to expand the scope of patent rights granted by the Patent Office. The doctrine has been justified on fairness grounds, but it lacks a convincing economic justification. The standard economic justification holds that certain frictions block patent...

The creation in 1982 of the United States Court of Appeals for the Federal Circuit represents the first significant appellate consolidation of a particular area of law in American history. Evaluating the Federal Circuit experiment is highly important to understanding, and perhaps improving upon,...

Is economics unduly flat? Perhaps, sometimes. But part of the power of economics comes from the parsimony of its approach to human nature. If and when we search for more complex approaches, we will need to understand the tradeoffs involved in choosing between that power and simplicity and the...

Fears of criminal activity have prompted many governments to restrict competition from offshore financial centers, but over-regulating OFC activity presents a serious risk of destabilizing the global financial system.

Fears of criminal activity have prompted many governments to restrict competition from offshore financial centers, but over-regulating OFC activity presents a serious risk of destabilizing the global financial system.

The U.S. News & World Report annual rankings play a key role in ordering the market for legal education, and, by extension, the market for entry level lawyers. This Article explores the impact and evolution of placement and post-graduation data, which are important input variables that comprise...

The 1998 Master Settlement Agreement between tobacco manufacturers and the attorneys general of 46 states substituted a private agreement for the normal processes of regulation and taxation. They dramatically reduced the public's opportunity to participate in both and to hold accountable those...

Markets and economic theory are often cast as the enemies of both the poor and environmental quality. This paper, part of the Peace with Creation symposium held at the St. Thomas School of Law in Minneapolis, argues that economics provides a necessary, but not sufficient, tool to address the...

This chapter from the book Silent Spring at 50 analyzes the 1950s struggle over US food policy between USDA and FDA and how that struggle set the stage for the impact of Rachel Carson’s Silent Spring. Using a public choice/interest group analysis, the chapter examines how the two agencies...