About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

LOG IN
LOG IN


29 Conn. L. Rev. 727 (1996-1997)
Telling Alternative Stories: Heterodox Versions of the Prisoner's Dilemma, the Coase Theorem, and Supply-Demand Equilibrium

handle is hein.journals/conlr29 and id is 737 raw text is: Telling Alternative Stories: Heterodox Versions of the Prisoners' Dilemma, the Coase Theorem, and Supply-Demand Equilibrium WAYNE BASTMAN And as I sat there brooding on the old, unknown world, I thought of Gatsby's wonder when he first picked out the green light at the end of Daisy's dock. He had come a long way to this blue lawn, and his dream must have seemed so close that he could hardly fail to grasp it.* I. INTRODUCTION To see law in the clear light of logic; to find a place where reason and fact prevail and ideology and moralism recede: this is an aspiration of a law and economics project that has moved from its Chicago ori- gins to schools throughout the country. What makes the aspiration compelling to sophisticated adherents like Judge Posner is not a naive faith that it has already been attained or is completely realizable.' Rather, the dream is compelling to them because it provides an ideal * Assistant Professor Rutgers University Graduate School of Afanagemtent J.D., Harvard Law School, 198L I would like to thank Bill Bratton, Allen Hyde, Howard Lath Jim Pope, and other participants in a Rutgers Law School faculsy colloquium, along with Thomas Cotter and P. V Fsanath. ** F. ScoTr FnzGMA.D, THE GREAT GATSBY (1925). I. Richard A. Posner, The Problems of Jurisprudence 38487, 464-65 (1990) (professing pragmatism and acknowledging political aspects of judging, while condemning Romantic and radical pragmalists for overlooking facts and deprecating scientific method).