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Professor Bruce Johnsen


D. Bruce Johnsen is Professor of Law at the Antonin Scalia Law School at George Mason University, a leading center for Law and Economics scholarship.  He holds a B.A, an M.A., and a Ph.D., all in Economics, from the University of Washington, as well as a J.D. from Emory University. 

He has held positions in the Department of Management at Texas A&M University, the Office of Economic Analysis at the U.S. Securities & Exchange Commissions, and the Department of Legal Studies at the Wharton School of the University of Pennsylvania, where he also taught Financial Regulation in the Finance Department. 

He currently teaches Business Associations, Financial Theory, and Law & Economics.  His scholarship focuses on the economics of property rights, which allows him to address such diverse topics as antitrust, principal-agent relations including conflicts of interest, American Indian institutions and customary law, environmental policy, corporate finance and financial institutions, investment advisor regulation, public pension funds, and business ethics. 

On behalf of Scalia Law School’s Law & Economics Center, Professor Johnsen directs and teaches in programs on economic theory for state and federal judges and attorneys general.  He has published widely in peer-reviewed social science journals, law reviews, and the popular press.  He has testified on matters involving corporate finance, the structure of mutual fund ownership, and financial valuation.  A few representative matters include:

  • Assisted Independent Distribution Consultant in the SEC's action against Waddell and Reed for roughly $50 million in disgorgement arising from alleged fund timing.
  • Testified in In the Matter of Clarissa Douglas regarding the economic status of mutual fund shares as corporate stock.
  • Testified as to proper valuation of lost wages in Lovejoy v. PMI.