Document Type
Article
Publication Title
John Marshall Law Review
Abstract
I think everything that Michael Leech has said, without exception, is dead wrong. Now, let me explain why. His first point is to indict American society as it operates today for its divisiveness, its decline in education and its overall stress and strain. Fair enough. However, nothing I have advocated has been the law of this country since 1965. Every one of the social ills that Mr. Leech referred to, from illegitimacy, to lack of education, to crime, to racial segregation, is higher and more pitched today than it was in 1965. To say that the current situation should be attributed to policies which are not in effect is to ask the obvious question - why are these unanticipated, unexpected and unwanted consequences laid at the doorstep of those who oppose the dominant legal policies after they were implemented? It is simply odd to claim that those policies which were never adopted should be invoked to explain the deplorable conditions that society experiences today. We should not lay the sins of modern regulation on the doorsteps of markets.
First Page
617
Volume
29
Publication Date
1996
Recommended Citation
Epstein, Richard A., "Regulatory Sins Versus Market Legacies: A Short Reply to Mr. Leech" (1996). Faculty Articles. 239.
https://gretchen.law.nyu.edu/fac-articles/239
