Showing results for: “digital markets act”
Friday Blog Reading
Zywicki on Curricular Reform Tabarrok on Organ Markets Dorf on Laptops in the Classroom Bill Simmons on the(dismal) State of NFL Announcing
Douglass C. North (1920-2015)
I received word today that Douglass North passed away yesterday at the age of 95 (obit here). Professor North shared the Nobel Prize in Economic with Robert Fogel in 1993 for his work in economic history on the role of institutions in shaping economic development and performance. Doug was one of my first professors in ... Douglass C. North (1920-2015)
2018 Edition of the Heritage Foundation’s Index of Economic Freedom: Freedom to Trade Is a Key to Prosperity
The latest rankings of trade freedom around the world will be set forth and assessed in the 24th annual edition of the Heritage Foundation annual Index of Economic Freedom (Index), which will be published in January 2018. Today Heritage published a sneak preview of the 2018 Index’s analysis of freedom to trade, which merits public ... 2018 Edition of the Heritage Foundation’s Index of Economic Freedom: Freedom to Trade Is a Key to Prosperity
Antitrust as Innovation Policy
The Washington Post links to the transcript of the President’s recent remarks at a Palo Alto town hall meeting at Facebook’s headquarters on April 20. The President talked about recent issues of interest, focusing primarily on the budget, unemployment and health care. I did see one item that may be of interest to the antitrust ... Antitrust as Innovation Policy
Sirius-XM Merger Retrospective…
It looks like Sirius-XM is now contemplating bankruptcy (HT: Danny Sokol). There were quite a few critics of the Bush administration’s decision not to challenge the merger. Various antitrust commentators and critics (as well as rivals like the NAB) lined up on the side of enforcement, arguing that the merger would lead to a monopoly ... Sirius-XM Merger Retrospective…
Hanno Kaiser's antitrust primer
While we’re on the topic of antitrust, I thought I would take this opportunity to draw our readers’ attention to a nice series of posts over at Antitrust Review. Collectively these posts make up the beginnings of an excellent primer on antitrust economics, told in Hanno Kaiser’s inimitable manner. I don’t agree with all of ... Hanno Kaiser's antitrust primer
Paul Rubin’s new book: The Capitalism Paradox: How Cooperation Enables Free Market Competition
Longtime TOTM blogger, Paul Rubin, has a new book now available for preorder on Amazon. The book’s description reads: In spite of its numerous obvious failures, many presidential candidates and voters are in favor of a socialist system for the United States. Socialism is consistent with our primitive evolved preferences, but not with a modern ... Paul Rubin’s new book: The Capitalism Paradox: How Cooperation Enables Free Market Competition
The Perils(?) of Educating Judges on Economics
Yesterday’s New York Times editorialized on my favorite recent non-story — the one about Justice Scalia’s failure to attend the swearing-in ceremony of Chief Justice Roberts. C’mon guys. As lesser newspapers have already reported, Justice Scalia was in Colorado to teach a previously scheduled ten-hour seminar over two days. He received no honorarium for his ... The Perils(?) of Educating Judges on Economics
American Economic Review’s Top 20 of the Last 100 Years
The paper is here (HT: Steve Salop). The AER’s The Top 20 Committee, consisting of Kenneth J. Arrow, B. Douglas Bernheim, Martin S. Feldstein, Daniel L. McFadden, James M. Poterba, and Robert M. Solow, made the selections. The list is alphabetical, of course, but TOTM readers will observe that it starts off particularly well (see ... American Economic Review’s Top 20 of the Last 100 Years
Are Buyout Funds Appropriating Profits?
Today’s NYT has a sobering article entitled Public Companies, Singing the Blues. The article discusses a question raised by Daniel Loeb, a famous hedge fund manager, at a dinner of buyout kings in Davos, Switzerland (the site of the World Economic Forum). Loeb’s question: “Why can buyout firms take public companies private and make enormous ... Are Buyout Funds Appropriating Profits?
Lawyers in Jeopardy
The WSJ reports: In a nationally televised competition, the Watson computer system built by International Business Machines Corp. handily defeated two former “Jeopardy” champions. * * * To emulate the human mind, and make it competitive on the TV quiz show, Watson was stuffed with millions of documents—including dictionaries, anthologies and the World Book Encyclopedia. ... Lawyers in Jeopardy
The myth of competition among non-profit law schools
In Law & Economics in Japan, Harvard’s Mark Ramseyer tries to explain why Japanese scholars have mostly not embraced law and economics to the extent of their peers elsewhere. He tries on some explanations — “the location of legal education in the undergraduate curriculum, and the long-term Marxist domination of economics faculties” — but is ... The myth of competition among non-profit law schools
