Dick Carpenter critically discusses economic regulation in general and occupational licensing in particular. He goes on to discuss Professor Randy Barnett’s theory that the Constitution should be interpreted to protect economic liberty, then proposes one way legislatures can protect economic liberty without sacrificing the public good. [Read Now]
Professor Jonathan Klick’s paper is an empirical inquiry into the impact of congressional service on the personal wealth of those elected. Professor Klick tackles the question “Does working in Congress help one become rich?” Among other factors, he examines insider trading among members, financial behavior upon leaving office, the correlation of committee assignments and wealth accumulation. While acknowledging the difficulty of making causal inferences due to incomplete disclosure data, Professor Klick interprets his results as evidence that House members are indeed getting richer.