Aging and Old Age by Richard Posner
Richard Posner, chief judge of the United States Court of Appeals for the Seventh Circuit, has, through the prodigious application of intellect and energy, earned a reputation as one of the finest appellate judges in the country. In addition to his considerable judicial achievements, Posner remains an active presence at the University of Chicago Law School, where he taught from 1969 until President Reagan appointed him to the federal bench in 1981. Along with numerous articles, he has continued to produce a book—and sometimes two—virtually every year for the last decade, traversing fields as diverse as literary theory, philosophy, and biography.
As a scholar, Posner is most closely identified with “law and economics,” the intellectual movement he helped to found. At the risk of oversimplification, one may say that this approach entails asking of every legal rule three questions: what will it cost?; who will pay those costs?; and what will be the net result for social efficiency?
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