Regulation of Business

Capitalism and Inequality - Event Audio/Video

2016 National Student Symposium
Paul G. Mahoney, Dan McBride, Yaron Brook, Thomas B. Edsall, Jason Johnston, Steven Teles, Jerry E. Smith March 04, 2016

Free markets have exponentially improved the well-being of humanity and lifted more people out of poverty than any government program. But severe inequalities persist, and gaps have widened in the past thirty years. Is this a problem in and of itself? Or only to the extent it is caused by unfairly distorting the market with the help of government – so-called “crony capitalism" – as opposed to the inherently unique capabilities of each individual? How should the law be structured to ensure a level playing field?

This panel was presented at the 2016 National Student Symposium on Friday, February 26, 2016, at the University of Virginia School of Law.

Welcome and Opening Remarks
Caplin Auditorium

  • Dean Paul Mahoney, Dean, David and Mary Harrison Distinguished Professor of Law, and Arnold H. Leon Professor of Law, University of Virginia School of Law
  • Introduction: Mr. Dan McBride, President, University of Virginia School of Law Student Chapter

Panel I: Capitalism and Inequality
Caplin Auditorium

  • Dr. Yaron Brook, Executive Director, The Ayn Rand Institute
  • Prof. Thomas Edsall, Adjunct Professor of Journalism, Columbia Graduate School of Journalism
  • Prof. Jason Johnston, Henry L. and Grace Doherty Charitable Foundation Professor of Law, University of Virginia School of Law
  • Prof. Steven Teles, Associate Professor of Political Science, Johns Hopkins University
  • Moderator: Hon. Jerry E. Smith, U.S. Court of Appeals, Fifth Circuit

University of Virginia School of Law
Charlottesville, VA

Why is the FAA regulating recreational drone use?

Short video featuring Gregory S. McNeal
Gregory S. McNeal January 27, 2016

Gregory S. McNeal, Associate Professor of Law and Public Policy at Pepperdine School of Law, discusses new regulations concerning recreational drone use recently issued by the FAA.  Professor McNeal explains that these new regulations represent an enormous break from the past, and likely stem from the widespread and increasing popularity of drones.

Unplugging FERC?: Federal Energy Regulatory Commission v. Electric Power Supply Association - Podcast

Federalism & Separation of Powers and Environmental Law & Property Rights Practice Groups Podcast
Erik S. Jaffe October 21, 2015

In a case that could have serious implications about the limits of judicial review, the Supreme Court will be deciding a narrow statutory interpretation question. The initial question is whether FERC has authority to regulate the rules used by operators of wholesale-electricity markets to pay for reductions in electricity consumption and to recoup those payments through adjustments to wholesale rates. But wrapped within that question is how much deference the Supreme Court is willing to give FERC on this matter.


  • Mr. Erik S. Jaffe, Sole Practitioner, Erik S. Jaffe, PC