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Luke Herrine

@lookheron

Asst Prof, Alabama Law. Formerly: LPE Blog, Debt Collective. Consumer law, consumer finance, market governance, law and political economy

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Latest posts by Luke Herrine @lookheron

Mi scusi, ma questo no e una explicazione

05.03.2026 22:09 πŸ‘ 0 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

Why do the covers to the Neapolitan Quartet all look like crappy romance novels and don’t seem to resemble any of the characters? Has this discourse already occurred?

05.03.2026 21:54 πŸ‘ 2 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

I know this is the Twitter sucks app- but the small amount of foreign press on here particularly now is stark comparatively and like things aren’t really moving over.

05.03.2026 21:46 πŸ‘ 233 πŸ” 42 πŸ’¬ 8 πŸ“Œ 1

oh no.

05.03.2026 18:02 πŸ‘ 6 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0
Post image

The Israeli/American systematic attacks on Iranian school children and their schools continue x.com/AJENews/stat...

05.03.2026 13:17 πŸ‘ 5 πŸ” 4 πŸ’¬ 1 πŸ“Œ 0
Map showing Dahieh in red and orange

Map showing Dahieh in red and orange

The IDF just ordered the forced evacuation of *all of Dahieh* a day after ordering the forced evacuation of all of South Lebanon.

Israel is taking advantage of the focus on Iran to destroy Lebanon

05.03.2026 12:47 πŸ‘ 348 πŸ” 225 πŸ’¬ 3 πŸ“Œ 33

How long, law and economics, will you abuse our patience?

04.03.2026 23:55 πŸ‘ 3 πŸ” 1 πŸ’¬ 0 πŸ“Œ 0

Right, but in important ways a precursor to Caesarism! Maybe not in the most important ways. I was being cheeky and stretching, probably too far.

04.03.2026 23:42 πŸ‘ 1 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

"Few of these threats have escalated beyond strongly worded warnings...It seems more likely that this FTC will adopt the strategy we have seen at several other agencies... : big talk that pushes the limits of law in the hope inducing anticipatory compliance or extracting corrupt settlements."

04.03.2026 16:24 πŸ‘ 1 πŸ” 2 πŸ’¬ 0 πŸ“Œ 0

I might write a β€œcome at me, bro” response to try to spur serious engagement. But mostly it’s demoralizing. And consistent with how LPE-ers have long been treated

04.03.2026 16:39 πŸ‘ 3 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

IIRC Macey was initially involved in organizing the symposium (with @genevievelakier.bsky.social)

04.03.2026 16:16 πŸ‘ 2 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

No way. These are the established scholars at elite institutions. The George Mason version was just as dismissive and just as uninterested in actually reading articles. And they were paid a lot of money by sympathetic donors!

04.03.2026 16:15 πŸ‘ 6 πŸ” 0 πŸ’¬ 2 πŸ“Œ 0

His results don’t even establish the title! And that’s on his own description!!

04.03.2026 16:13 πŸ‘ 3 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

It is bad. Less op-ed but tendentious definition of economics and does not engage with LPE literature beyond one article and then does not do so seriously (see Amy’s response in footnotes)

04.03.2026 16:12 πŸ‘ 4 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

Oh so now you support the Senate oligarchy over the tribune of the people?

04.03.2026 15:39 πŸ‘ 1 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

ICYMI: contains my theory of WTF is going on at the FTC

04.03.2026 12:27 πŸ‘ 5 πŸ” 2 πŸ’¬ 0 πŸ“Œ 0

Whenever an l&e scholar is surprised that I can respond to a skeptical question with knowledge of the relevant concepts, I now know that this is the subconscious line of thinking they’re repressing

04.03.2026 01:47 πŸ‘ 1 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

Well, it’s not a moral discipline. Purely empirical

04.03.2026 01:45 πŸ‘ 1 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

Feel free to hop in! I think I’m going to write a reflection in this whole symposium. Very discouraging

04.03.2026 01:37 πŸ‘ 1 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

The goal isn’t to promote efficiency, even, because we’re constrained by the limits of β€œprotection”!

03.03.2026 23:53 πŸ‘ 0 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

Later he says "consumers" doesn't just mean consumers. Back to the same ambiguities

03.03.2026 23:15 πŸ‘ 1 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

Erik Hovenkamp’s contribution to this symposium explicitly restates the consumer surplus (which is maybe the trading partner surplus, who knows?) definition of welfare as if nobody has ever understood, let alone critiqued, it

03.03.2026 21:55 πŸ‘ 0 πŸ” 1 πŸ’¬ 1 πŸ“Œ 0

I think the answer is the latter. There’s now a longstanding pattern of l&e scholars treating the LPE literature as one article long even when they’ve engaged with avowedly LPE scholarship in their areas of expertise

03.03.2026 21:35 πŸ‘ 6 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

(Although not going into the pre-neoclassical tradition)

03.03.2026 21:12 πŸ‘ 1 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

The Goldin & Liscow article meets this standard

03.03.2026 21:10 πŸ‘ 1 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

The new Fusionism: PT Barnum & Norman Vincent Peale

03.03.2026 20:41 πŸ‘ 2 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0

L&E critics cite and discuss more than one LPE article challenge: impossible

03.03.2026 19:42 πŸ‘ 7 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

No! But there is a piece that more directly engages abolitionist literature* in this symposium:

lawreview.uchicago.edu/sites/defaul...

*which is not, like, the only view on the crim system in LP. It's weird that all these responses treat articles by LPE scholars as announcing The LPE View

03.03.2026 18:29 πŸ‘ 4 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

Ironically one of the $10k George Mason anti-LPE essays criticizes my blog post providing a basic critical introduction to the concept of "efficiency" as being written in too casual a tone, like an op-ed.

03.03.2026 18:12 πŸ‘ 10 πŸ” 0 πŸ’¬ 1 πŸ“Œ 0

No, it only works for some kinds of stuff

03.03.2026 18:10 πŸ‘ 4 πŸ” 0 πŸ’¬ 0 πŸ“Œ 0