Professor Thom Lambert recently served as the featured speaker for the faculty colloquium at Northwestern University’s Pritzker School of Law.

The subject of the colloquium was his recently published book, How to Regulate: A Guide for Policymakers. The book, which examines the tradeoffs policymakers must confront in addressing market failures, sets forth a practical approach to regulating so as to maximize social welfare.

In the words of Judge Douglas Ginsburg of the D.C. Circuit, the book “provides an organized and rigorous framework for analyzing whether and how inevitably imperfect regulation is likely to improve upon inevitably imperfect market outcomes.”