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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
Abercrombie’s Ohio express slows down
Last December Abercrombie filed a preliminary proxy statement announcing a plan to reincorporate from Delaware to Ohio. Steve Davidoff and I commented on the move. Steve noted that, while Abercrombie had highlighted various reasons for the move, the shareholders had to dig through the disclosures to learn that it was, as I said in December, ... Abercrombie’s Ohio express slows down
What’s in the Howrey name?
The Recorder (HT Law Blog), discussing the Howrey endgame: One issue that’s in play is the matter of the prestigious Howrey name. A former Howrey lawyer in California said Winston might pay $2 million or more for the Howrey moniker. The goal had been to name the new firm Winston Howrey, but one lawyer told ... What’s in the Howrey name?
The economics of television
I was forced to watch my first episode of “Two and a Half Men” last week. Family members drugged me unconscious and then bound and gagged me, locked my head in the direction of the television and taped my eyelids open. The most horrible moment came when I realized that this was neither satire nor ... The economics of television
Apple, Antitrust, and the FTC
Antitrust investigators continue to see smoke rising around Apple and the App Store. From the WSJ: For starters, subscriptions must be sold through Apple’s App Store. For instance, a magazine that wants to publish its content on an iPad cannot include a link in an iPad app that would direct readers to buy subscriptions through ... Apple, Antitrust, and the FTC
Schools for Misrule
Walter Olson journeyed to Illinois yesterday to discuss his new book Schools for Misrule. There was a good turnout and a lot of deserved buzz for this very interesting book. Walter describes law schools as essentially the hatcheries of bad ideas that have led to the sort of excessive litigation that Olson has chronicled in ... Schools for Misrule
Angelo’s escape
So Mozilo won’t be criminally prosecuted for Countrywide. Holman Jenkins writes in today’s WSJ: The incentive to bring a case against a vilified public figure, of course, is huge. Weighed against this, however, must be the chance of being humiliated by a judge, possibly censured, now that the legal system has started blowing the whistle ... Angelo’s escape
Elite College Pays — For Men, But Not Women
David Leonhart points out the new Dale & Krueger study on the value of an elite undergraduate education. His punchline: A decade ago, two economists — Stacy Dale and Alan Krueger — published a research paper arguing that elite colleges did not seem to give most graduates an earnings boost. As you might expect, the ... Elite College Pays — For Men, But Not Women
SCOTUS Denies Cert in Leegin II
From the WSJ: The U.S. Supreme Court on Tuesday refused to take another look at its controversial 2007 antitrust ruling that allowed manufacturers to set retail prices for their products. The court, without comment, rejected an appeal by the Texas boutique retailer that was on the losing end of the court’s 5-4 decision nearly four ... SCOTUS Denies Cert in Leegin II
Some Links
Ann Althouse is indispensable on the Wisconsin protests (start here to catch up) David Henderson on collective bargaining rights Bainbridge on the top 10 presidents The latest on the potential Apple antitrust investigations (see my previous commentary here)
A nation of lawyers and judges
Doing just about anything in the U.S. today involves seeing a lawyer. Congress, the states and administrative agencies have passed a vast network of laws spreading over all aspects of life — not just business transactions, but family relationships, personal finance, the workplace, birth and death. Lawyers are expensive. Good lawyers are very expensive. Want ... A nation of lawyers and judges
Lawyers as sponges and thieves
Andy Kessler writes in Thursday’s WSJ: With a heavy regulatory burden, payroll taxes and health-care costs, employing people is very expensive. * * * Tellers, phone operators, stock brokers, stock traders: These jobs are nearly extinct. Since 2007, the New York Stock Exchange has eliminated 1,000 jobs. And when was the last time you spoke ... Lawyers as sponges and thieves
