In a recent column for The Atlantic magazine, Richard Posner lambasted legal academics for failing to devote more of their research to “practical solutions to current problems.” Posner, a judge on the U.S. Court of Appeals for the 7th Circuit, criticized the profession nearly in its entirety—naming a Columbia Law School professor and graduate among only a few “notable exceptions.”
Posner referenced Law School Professor Edward R. Morrison, who recently drafted a bill for Congress that could help stop the rising tide of home foreclosures. The judge also praised Steven Schwarcz ’74, the Stanley A. Star Professor of Law & Business at Duke University School of Law. In the past year, Schwarcz has published several articles focused on systemic risk and the subprime financial crisis.