Interview with Richard Posner

I spoke to Posner in his chambers at the Federal courthouse in downtown Chicago, where he sits on the United States Court of Appeals for the Seventh Circuit. I began by telling him that I was researching an article about how the financial crisis had affected Chicago economics, and, indeed, economics as a whole.

At this distance from the financial blow up, what was the nature of the intellectual challenge it presented?

I think the challenge is to the economics profession as a whole, but...