The Imperium Strikes Back: The Need to Teach Socioeconomics to Law Students

Black, who teaches microeconomics and financial regulation at the LBJ School of Public Affairs at the University of Texas, underscores the importance of socioeconomics as a critical component of modern economic reasoning. Black, who was a government regulator at the height of the savings and loan crisis, argues that knowledge of economics is critical to those who would influence public policy, and socioeconomists should not cede economics to the Chicago school.