What’s more, in the 1970s and ’80s a whole new field of law emerged out of the theories and ideas that Bork and his fellow Chicago School libertarians had been crafting. Its name is simple and deceptively generic: Law and Economics. Getting lawyers and especially judges more fluent in economic analysis is a good thing, of course. But the animating idea behind Law and Economics was political—that a main point of the law, not only of antitrust, is to maximize economic efficiency, that the law’s bottom line is the economic bottom line.
