Real World Economics: Developer assessments seen as good economics
(WorldNews Business)

As economists read news of a recent ruling by the Minnesota Court of Appeals denying certain infrastructure charges imposed on land developers, many probably reacted: “Where was Judge Posner when we need him?” Sometimes law and economics are in basic agreement on public policy issues. And sometimes they differ. This is one of those times, although some jurists might reach a different conclusion than this court. Richard Posner, who stepped down after 36 years as a Federal Appeals Court judge three weeks ago, is relevant because he pioneered a movement within legal scholarship to weigh practical economic considerations when reaching decisions. This has had greatest impact on...