{"title":"The Sickest Patients Need the Most Medicine: A Response to Margalioth and Webber on Law and Macroeconomics: Legal Remedies to Recessions","authors":"Yair Listokin","doi":"10.1093/JRLS/JLZ021","DOIUrl":null,"url":null,"abstract":"Yoram Margalioth and David Webber offer fascinating, yet very different, takes on Law and Macroeconomics: Legal Remedies to Recessions. Instead of responding to their insightful comments seriatim, I will highlight a common theme that I believe underlies both of their respective comments. My book argues for expansionary legal policy—law and regulation should seek to stimulate spending in the economy when there is excess unemployment. Webber acknowledges the analytical case for expansionary legal policy, but express concern about the practicalities. As Webber asks:","PeriodicalId":36820,"journal":{"name":"Jerusalem Review of Legal Studies","volume":" ","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2020-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1093/JRLS/JLZ021","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Jerusalem Review of Legal Studies","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1093/JRLS/JLZ021","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Social Sciences","Score":null,"Total":0}
引用次数: 1
Abstract
Yoram Margalioth and David Webber offer fascinating, yet very different, takes on Law and Macroeconomics: Legal Remedies to Recessions. Instead of responding to their insightful comments seriatim, I will highlight a common theme that I believe underlies both of their respective comments. My book argues for expansionary legal policy—law and regulation should seek to stimulate spending in the economy when there is excess unemployment. Webber acknowledges the analytical case for expansionary legal policy, but express concern about the practicalities. As Webber asks:
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