Quantifying Legal Scholarship's "Social Value"

Eric Posner's (Chicago) new blog discusses a quick empirical study that was bound to quickly garner attention (certainly here). For the purpose of his study, Eric understands social value exclusively in terms of the S&P 500 Index. He then examined whether notable works by leading legal scholars (e.g., Dworkin and Scalia) influenced the Index. The findings, according to Eric, are "discouraging."