Publication Date

Spring 2000

Journal

Oregon Law Review

Abstract

Jeanne L. Schroeder critiques Richard Posner's conception of rationality in law and economics, arguing that his broad and evolving definition dilutes the concept, rendering it too vague and analytically weak. She advocates for a more nuanced approach that integrates psychological insights and acknowledges the limitations of traditional economic models. Schroeder emphasizes the need for empirical accuracy and theoretical rigor, challenging Posner's dismissal of behavioral economics and his reliance on evolutionary biology for explanations of irrational behavior.

Volume

79

Issue

1

First Page

147

Last Page

252

Publisher

University of Oregon School of Law

Disciplines

Jurisprudence | Law | Law and Economics

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