Scholarly commentary on law, economics, & more

David Weisbach and Jacob Nussim’s 2004 paper “The Integration of Tax and Spending Programs” marked an important law & economics contribution to the tax-policy literature. The paper argues that, given a particular policy, the part of the government best suited to implement that policy should be tasked with doing so.  Government Program Implementation Choices  Weisbach … ‘The Integration of Tax and Spending Programs,’ by David Weisbach & Jacob Nussim

Debates about artificial intelligence often focus on the technology’s intrinsic qualities, such as its speed, scale, and uncanny ability to generate text or code. But the lesson we should draw from every major technological transition since World War II has been that economic outcomes are not determined by technology alone. The institutional framework surrounding those … AI, Entrepreneurialism, and the Next Technological Ecosystem

Decades ago, home entertainment consisted of three television channels. Then came cable TV, the videocassette recorder, and the internet. Today, we are in another entertainment revolution, as people are cutting the cord on cable TV and turning to dozens of streaming services for their entertainment. And now, Warner Bros. Discovery (WBD) is seeking buyers for … Warner Bros Discovery Sale May Raise Antitrust Questions