From: Forrest Bishop (forrestb@ix.netcom.com)
Date: Wed Apr 10 2002 - 18:23:33 MDT
----- Original Message -----
From: Greg Burch <gregburch@gregburch.net>
To: <extropians@extropy.org>
Sent: Sunday, March 31, 2002 4:23 PM
Subject: Law, Lawyers and Liberty (Was: College major advice)
>
> > From: Forrest Bishop
> > Sent: Sunday, March 31, 2002 2:04 PM
>
> > Most, but by no means all, lawyers are involved in zero or
> > negative-sum games; helping some at the expense of others.
> > Stephen Magee (University of Texas), among others, has
> > compiled some regression analyses by county. The higher per
> > capita lawyer count, the lower the economic growth. It
> > shouldn't be too hard to see why this is so.
>
> I was unfamiliar with Magee, although a bit of googling indicates that
> he wrote an article -- apparently unavailable on the Web -- that was
> quoted by advocates of "tort reform" (and some much less savory folks:
> http://christianparty.net/lawyers.htm). I can't see his data, but I
> wonder how it would compare, say, Vietnam's or Madagascar's number of
> lawyers with the economic growth of those countries.
Mr Magee appears to be putting together a website with this infomation.
http://www.bus.utexas.edu/faculty/stephen.magee/
he might respond to a private request-
Stephen.Magee@bus.utexas.edu
=======
http://bevo2.bus.utexas.edu/magees/cv.htm
Stephen P. Magee
Bayless/Enstar Chair and Professor of Finance and Economics
Department of Finance University of Texas Austin, Texas 78712
512 471-5777
Home Address: 1219 Castle Hill, Austin, TX 78703 512 499-0111 or 471-7786
Holiday Address: 2619 25th St., Lubbock, TX 79410 806 744-0234
BIOGRAPHICAL SKETCH
Stephen P. Magee was born in Wichita, Kansas, on March 17, 1943, and moved to Lubbock, Texas, in 1945. He is a graduate of Lubbock
High School, Texas Tech (B.A., 1965; M.A., 1966) and M.I.T. (Ph.D. in Economics, 1969). He is married to Frances Toepperwein Magee
and they have four boys: Chris, Ted, Bill and Chet. From 1969-1971, he was an Assistant Professor of Business Administration at the
University of California at Berkeley; from 1971-76, he was an Associate Professor of International Business at the University of
Chicago; from 1976 to the present, he has been a Professor at the University of Texas at Austin, where he teaches managerial
microeconomics, international finance and leadership. He was the Margaret and Eugene McDermott Professor of Finance and the Chairman
of the Department of Finance from 1980 to 1984. From 1978-1986, he was the captain of the Finansters, the Finance Department Faculty
Soccer Team. In 1984, the team won the Texas State Championship in the Over-30 division and won third place among state champions in
the Southeast region of the United States. Prof. Magee was a Visiting Professor of Business at the University of Chicago for
1990-91. In December, 1991, he presented his academic work on the economic effects of lawyers to the Bush and Quayle staff at the
White House; on September 24, 1992, his research "How Many Lawyers Ruin an Economy?" and the "Magee curve" appeared on the op-ed
page of the Wall Street Journal. In the years 1990, 1991 and 1997, he served as a Visiting Professor at the Graduate School of
Business at the University of Chicago.
He has worked as an economist for the White House, the Office of Management and Budget, the Council of Economic Advisers, and the
Brookings Institution. He has served as an Associate Editor for the Review of International Economics, Journal of Economic
Integration, Journal of International Economics, the Review of Economics and Statistics and Economics and Politics; he has served as
a member of the Brookings Panel on Economic Activity, the National Science Foundation Advisory Committee for Economics and the
Economic Advisory Board to the U.S. Secretary of Commerce. His current research interests include the application of game theory to
international economic policy, international finance, and antitrust economics. He has published over 50 scholarly articles and is
the author of three books: International Trade and Distortions in Factor Markets (Marcel Dekker, 1976); International Trade
(Addison-Wesley, 1980); and Black Hole Tariffs and Endogenous Policy Theory (Cambridge University Press, 1989, with William A. Brock
and Leslie Young). The Black Hole Tariffs book was endorsed on the cover by two Nobel laureates in economics (James Buchanan and
George Stigler) and the then Chairman of the Nobel Committee for Economics (Assar Lindbeck). In 1990, he won the annual award for
the top career research contribution by any faculty member of the Graduate School of Business at the University of Texas. He is the
winner of two teaching awards at Texas and is in the current edition of Who's Who in America.
==========
-- Forrest Bishop Chairman, Institute of Atomic-Scale Engineering www.iase.cc
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