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25 Yale J. on Reg. 331 (2008)
Remarks at the Twenty-First Anniversary Dinner of the Yale Journal on Regulation

handle is hein.journals/yjor25 and id is 335 raw text is: Remarks at the Twenty-Fifth Anniversary Dinner
of the Yale Journal on Regulation
Bruce Judson t
This is a very exciting evening for me. It is one thing to participate in
starting a new institution, with all of the attendant excitement, inevitable
frustrations and, hopefully, ultimate success. It is quite another to see that
twenty-five years later, that institution continues to exist, to thrive, and to
evolve to meet the challenges of the day.
Tonight, I thought that I would very briefly give you a quick look at the
largely unknown history of the birth of the Yale Journal on Regulation, and
give you a sense of why it took its original form.
In her book The Creative Habit, the choreographer Twyla Tharpe says
that whom the gods wish to destroy, they give unlimited resources.1 If that is
true, then the gods wanted the Journal to succeed.
Twenty-five years ago the idea of the Yale Journal on Regulation was
somewhat controversial. On the one hand, a core group of Yale Law students
with a strong interest in the law, economics, and public policy associated with
regulation believed there was a need for a preeminent national forum for in-
depth discussion of regulatory issues. On the other hand, the Law School
administration was concerned about the ability of the student body to support a
second major journal. The Yale Law Journal was, of course, a long-established
entity. Could the school's student body sustain another major journal? In a
moment, I will discuss how this issue was resolved, and its implications for the
development of the Journal.
However, before focusing on the details of our launch, I thought I should
discuss why we believed in the value of creating a new journal focused on
regulation. First, there were a large number of new ideas emerging in
microeconomic theory with potential implications for regulatory policy. We
believed that we could play a role in accelerating the movement of
groundbreaking academic research into valuable public policies by encouraging
scholars to write about their findings in terms that policymakers without
extensive backgrounds in economics could understand. Second, we were
amidst the Reagan presidency, and the idea of regulation in general was in
t Co-founder and former Editor-in-Chief, Yale Journal on Regulation. Senior Faculty Fellow, Yale
School of Management. J.D. Yale Law School, M.B.A. Yale School of Management.

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