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The Chicago School of Economics, which is essentially what you learned in Economics 101 back in college

That is the latest salvo from Commissioner Rosch in discussing Judge Easterbrook’s opinion in Jones v. Harris.   I cant decide whether this strikes me as more offensive to the Chicago School of antitrust economics or to Judge Easterbrook.  Probably the latter.

UPDATE:  Another line from the speech: “On Tuesday March 30th, in a 9-1 decision authored by Justice Alito, the Court turned its back on Judge Easterbrook’s Seventh Circuit “pure Chicago School” decision.”   It does make you wonder exactly they covered in Econ 101 at Harvard back in the day.

UPDATE 2: As a commenter below points out, the link to the speech as understandably been  updated to correct this error.

Filed under: antitrust, economics, federal trade commission