Eric A. Posner argues that bailouts, like those that took place during the 2008-2009 financial crisis, have happened in the past and that they are both "necessary and unavoidable in any modern capitalist or market-based system." Posner analyzes bailouts from economic, political, and legal...

Recommended readings (Machine generated): Jack L. Goldsmith and Eric A. Posner (1999), 'A Theory of Customary International Law', University of Chicago Law Review, 66 (4), Autumn, 1113-77 -- Andrew T. Guzman (2002), 'A Compliance-Based Theory of International Law', California Law Review, 90 (6),...

Antitrust enforcement in the United States has declined since the 1960s. Building on several new datasets, we argue that this decline did not reflect a popular demand for weaker enforcement or any other kind of democratic sanction. The decline was engineered by unelected regulators and judges...