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Inaugural Fred Dunbar Memorial Lecture in Law and Economics

NERA Economic Consulting established the Fred Dunbar Memorial Lecture in Law and Economics at Fordham Law School in memory of Fred Dunbar, Ph.D., a longtime firm member, and leading securities and finance expert. Dr. Dunbar passed away in February 2012.

Dr. Dunbar joined NERA in 1979 and founded the firm's Securities and Finance and Mass Torts and Product Liability Practices. He was widely regarded as a distinguished economist “who worked at the intersection of law and economics.” Throughout his career at NERA he was a sought-after expert witness whose testimony and use of econometrics—a form of mathematical and statistical analysis—significantly influenced claims estimation and litigation in court cases and arbitrations worldwide.

In September 2009, he was appointed an Economic Fellow in the Office of Economic Analysis of the U.S. Securities and Exchange Commission. Dr. Dunbar was part of the Division of Risk, Strategy and Financial Innovation, supporting the Commission in enforcement and fraud detection.

Dr. Dunbar also had an academic career: he taught in the Economics Departments of Tufts University and Northeastern University, and he served as an adjunct professor at Fordham Law School and Columbia Law School. He was a dedicated teacher whose academic experiences informed his work throughout his career.

About NERA:
NERA Economic Consulting ( is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. With its main office in New York City, NERA serves clients from more than twenty offices across North America, Europe, and Asia Pacific.

Inaugural Fred Dunbar Memorial Lecture in Law and Economics
April 8, 2013
"Ending Too Big to Fail"

The Honorable Sheila C. Bair

Former Chair of the FDIC (2006-2011)

Ms. Bair presented her ideas regarding “too big to fail” institutions and the bailouts provided during the financial crisis.  Critical of this type of government intervention, she discussed why bailouts were unnecessary and how they “undermine our confidence in government.”  Ms. Bair examined the economics of “too big to fail” and concluded that it would be optimal for the market to absorb the loss rather than the taxpayers through a government bailout. 

Free signed copies of "Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself" by Shelia C. Bair were given to all program attendees.

Second Annual Fred Dunbar Memorial Lecture in Law and Economics
April 3, 2014
"The Limits on the Use of Economics in Law"

The Honorable Ralph K. Winter, Jr.
Senior Judge, U.S. Court of Appeals for the Second Circuit

Judge Winter, one of the forefathers of law and economics, discussed the implications of the study of economics on the law. He questioned his original premises that the study of economics significantly impacted the law and analyzed the following reasons, among others, for his new doubt:  The difficulty of economic analysis, the contrary nature of economic analysis to the norms of the legal academy, and economic analysis strives for allocative efficiency while the law has many other goals.

Upcoming Third Annual Fred Dunbar Memorial Lecture in Law and Economics
Tuesday, March 31, 2015

The Honorable Frank H. Easterbrook
U.S. Court of Appeals for the Seventh Circuit