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Freedom to HarmThe Lasting Legacy of the Laissez Faire Revival$
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Thomas O. McGarity

Print publication date: 2013

Print ISBN-13: 9780300141245

Published to Yale Scholarship Online: October 2013

DOI: 10.12987/yale/9780300141245.001.0001

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The Idea Infrastructure

The Idea Infrastructure

(p.41) 5 The Idea Infrastructure
Freedom to Harm

Thomas O. McGarity

Yale University Press

This chapter provides sketches of several of the most important think tanks and academic organizations that proved highly influential in bringing the Laissez Faire Revival to fruition. With substantial financial support from conservative foundations, law and economics became an effective vehicle for incorporating a business-friendly approach to legal analysis into American legal education. Most law schools now offer multiple courses in law and economics, and few law professors feel free to ignore law and economics altogether. The think tanks were remarkably successful at what they set out to accomplish, and now appear to be a permanent fixture in divided political culture. These institutions provided powerful critiques and bold policy prescriptions in the ideological air war over the power and size of the protective governmental infrastructure that took place during the Laissez Faire Revival.

Keywords:   think tank, academic organizations, Laissez Faire Revival, financial support, business-friendly approach, law schools

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