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The Law and Economics Revolution in Securities Law, Part V
Law Review Editors…take note. You may get an opportunity to catch this one in February if you play your cards right. I’ve been blogging updates of my research for a new article developing what the economic analysis provisions of the National Securities Markets Improvement Act of 1996 requires of new SEC rulemaking. Blog colleague Prof. ... The Law and Economics Revolution in Securities Law, Part V
Welcome Digitopoly!
This looks like a great new blog on economics and technology from a top notch group of economists: Erik Brynjolfsson, Joshua Gans and Shane Greenstein. Welcome Digitopoly. Now added to the blogroll. Here’s their description of the blog: This blog was established by Professors Erik Brynjolfsson, Joshua Gans and Shane Greenstein. They noticed that there ... Welcome Digitopoly!
Taxicabs in Milwaukee
I’ve often discussed the wonderful world of professional licensing beyond lawyers and its perverse effects on entrepreneurship. The posts have covered licensing of witches, horse teeth floaters, cat groomers, and tour guides. Here’s a story about taxicabs. Milwaukee allows 321 taxicabs. Almost half the licenses are owned by one person. The Institute for Justice has ... Taxicabs in Milwaukee
Attention Economists and Economics Graduate Students: Want to Go to Law School?
I have recently joined my colleague Bruce Johnsen as a co director of the Robert A. Levy Fellowship in Law and Liberty at GMU Law. It is a very generous fellowship — a tuition waiver plus a generous stipend — for economists who have their PhD’s or “ABD” status to come to law school on ... Attention Economists and Economics Graduate Students: Want to Go to Law School?
India, the UK, and US law firms
The Law Blog reports that India is considering letting in U.K. law firms after long barring all foreign law firms from having offices in India. The LB notes that the UK would have to reciprocate by allowing Indian firms and that “[i]t’s unclear whether U.S. firms would be invited to the party.” Well, I imagine ... India, the UK, and US law firms
ABA Roundtable Discussion Tomorrow on the AT&T/T-Mobile Merger
As I have posted before, I was disappointed that the DOJ filed against AT&T in its bid to acquire T-Mobile. The efficacious provision of mobile broadband service is a complicated business, but it has become even more so by government’s meddling. Responses like this merger are both inevitable and essential. And Sprint and Cellular South piling on doesn’t help ... ABA Roundtable Discussion Tomorrow on the AT&T/T-Mobile Merger
Small business, partnership law and software
Two partners form a business in 1995 for providing dial up internet service to rural Wisconsin. Their relationship deteriorates and in 1999 one (Bushard) withdraws, writing a letter expressly dissolving the partnership. (The letter presciently noted that “this is an optimal time for selling the business at maximum value.” Indeed, a firm had expressed a ... Small business, partnership law and software
Nobel Speculation: Armen Alchian, Harold Demsetz and Benjamin Klein Should Win the Prize in 2011
Its time to dust off (and slightly update) an old post for its annual republication around this time each year. With the start of the school year comes another fall tradition here at TOTM: Nobel speculation. More specifically, every fall I yell from the rooftops that some combination of Armen Alchian, Harold Demsetz and Ben ... Nobel Speculation: Armen Alchian, Harold Demsetz and Benjamin Klein Should Win the Prize in 2011
GMU Law’s Gordon Tullock a Front-Runner for 2011 Nobel Prize in Economics?
Thomson-Reuters has listed its “Citation Laureates,” its predictions for particular scholars winning a Nobel prize sometime in the future (not necessarily this year). Of particular interest to readers of this blog is that George Mason Law Professor Emeritus Gordon Tullock (long mentioned as a favorite of those predicting the Economics prize on this blog) is ... GMU Law’s Gordon Tullock a Front-Runner for 2011 Nobel Prize in Economics?
Obama’s Fatal Conceit
From the beginning of his presidency, I’ve wanted President Obama to succeed. He was my professor in law school, and while I frequently disagreed with his take on things, I liked him very much. On the eve of his inauguration, I wrote on TOTM that I hoped he would spend some time meditating on Hayek’s ... Obama’s Fatal Conceit
Robert Crandall on It Is Time to Move Ahead with Deregulation
As we approach the end of this Symposium, I am struck by how much consensus exists on this subject. Of course, we are not conducting this exercise under the auspices of the ABA. Nevertheless, there is sufficient intellectual backing for a major push to begin the deregulation of legal services. Despite warnings that this is ... Robert Crandall on It Is Time to Move Ahead with Deregulation
Bruce Kobayashi on Copyrighting Law and Deregulation
My first post discussed one primary impediment to deregulating all the lawyers – which is the current system of legal regulation of lawyers. Even if one agrees that deregulating all the lawyers may be the ultimate goal, this still leaves the question of how best to achieve this result. Deregulating all the lawyers may not ... Bruce Kobayashi on Copyrighting Law and Deregulation
