Fortune has a nice article discussing Kauffman's new initiative (championed by Bob Litan) to focus Law and Economics on entrepreneurship / innovation / growth. It's a very well written piece by Roger Parloff that has some pithy quotes by Bob as well as good political and historical context.
How does the current economic collapse — and its implicit lesson that over-reliance on market mechanisms have led us to disaster — affect his [Litan's] and Kauffman’s plans?
“Ironically,” he responds, “it may be an even bigger deal now that economy is collapsing. We are now about to have a huge national debate on the role of markets and regulation … and how much are we going to roll back from the market-oriented philosophy in which a lot of law-and-economics participated. … From our viewpoint we’re hopeful that whatever repairs we make in the economic system, we don’t kill off risk-taking and entrepreneurial drive, because that’s what we need for growth.”

Bank of America and Mr. Higgins mising $millions, it can happen to you, my fellow Americans
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Posted by: Sr Max Higgins | December 18, 2008 at 06:41 PM
Tim: As I wrote on my blog, Truth on the Market, I think Tyler is pretty far off base with this one. See http://www.truthonthemarket.com/2009/04/28/what-does-tyler-know-about-law-and-economics-anyway/
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