In this thought-provoking book, John Drobak invites us to take a new look at markets and regulation, by challenging many of the standard assumptions made by economists. Perhaps Drobak's biggest idea rests on citizen/voter beliefs about the market. If a large portion of Americans become disillusioned with markets because they believe markets work only for the rich, then it risks a political backlash. This is a recipe for populism and anti-market policies.
John N. Drobak is George A. Madill Professor of Law in the School of Law and Professor of Economics in Arts & Sciences, both positions at Washington University. Since joining the department in 1979, Professor Drobak has been named Law School Teacher of the Year on numerous occasions. In 2000, he was honored by Washington University with its Distinguished Faculty Award.