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  • Philip Jessup proposed the idea of a transnational law course. His vision of the subject was broad, including public and private international law; state and non-state actors; business, administrative, and political affairs; as well as negotiation and litigation. Inspired by his idea, TLB is only constrained by its pursuit to address all law transcending national frontiers.

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August 23, 2009

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Comments

JT

Stats can always lie, and, as we have seen, economists can easily be wrong. Maybe what we have here is a difference of opinion? Perhaps Romer is more of a glass-half-full type of optimist?

Christine Ngo

Hi JT,

Thank you! I agree with you that statistical measurements are often very limited in its predicting power. In reality, the argument often comes down to those who make use of them.

Putting aside the substances of Posner’s argument over the effectiveness of the Obama’s fiscal stimulus, in this fight, Posner seems to asked for a fundamental change in economic discipline, if not to majority of social science disciplines, to become something as concrete as the law. I disagree with this inquiry. By doing so, there is an increased risk that economic discipline will commit the very problem that he is trying to avoid, namely ethical irresponsibility.

All the best,

Christine

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