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.”