By: Warren J. Samuels
Robert Lee Hale was arguably the twentieth century's most radical legal-economic theorist. With a law degree [Page 686]from Harvard and a doctorate in economics from Columbia, Hale taught at the Columbia Law School for over thirty years. A legal realist, he went beyond analytical jurisprudence to the nature of judicial decision making, the economy as a system of power and mutual coercion, and the social creation of both economy and polity in the legal-economic nexus. Courts adopted his views on public utility regulation, especially his prudent investment approach to utility valuation and his conclusive demonstration of the circularity of the United States Supreme Court's early doctrine of a fair return on the value of property.
Hale's legal-economic theory emphasized several important ideas. First, systems of freedom ...
Samuels, W. (2007). Hale, robert lee (1884–1969). In D. S. Clark (Ed.), Encyclopedia of law & society: American and global perspectives (Vol. 1, pp. 686-686). Sage Publications, Inc., https://www.doi.org/10.4135/9781412952637.n301
Samuels, Warren J. "Hale, Robert Lee (1884–1969)." In Encyclopedia of Law & Society: American and Global Perspectives, edited by Clark, David S., 686-686. Thousand Oaks, CA: Sage Publications, Inc., 2007. http://dx.doi.org/10.4135/9781412952637.n301.
Samuels, W. 2007. Hale, Robert Lee (1884–1969). In: David S. Clark Editor, 2007. Encyclopedia of Law & Society: American and Global Perspectives, Thousand Oaks, CA: Sage Publications, Inc. pp. 686 Available at: <http://www.doi.org/10.4135/9781412952637.n301> [Accessed 15 Jan 2021].
Samuels, Warren J. "Hale, Robert Lee (1884–1969)." Encyclopedia of Law & Society: American and Global Perspectives. Edited by David S. Clark. Vol. 1. Thousand Oaks: Sage Publications, Inc., 2007, pp. 686-686. SAGE Knowledge. 15 Jan 2021, doi: http://www.doi.org/10.4135/9781412952637.n301.