The Archives

The collection of all scholarly commentary on law, economics, and more

Showing results for:  “100% Pass 2024 UiPath Marvelous UiPath-ADPv1 Latest Exam Forum 💿 Search for ➥ UiPath-ADPv1 🡄 and download it for free on ➽ www.pdfvce.com 🢪 website 🏬New UiPath-ADPv1 Test Dumps”

Mankiw on taxing the rich

I suppose that the Obama tax plan is something this blog should stay away from.  But I can’t resist a note on Mankiw’s NYT column.  Mankiw makes all the “correct” disclaimers:  he’s being “narcissistic,” yes he can “afford to pay more in taxes,” “I don’t have trouble making ends meet,” “I am almost completely sated.”  ... Mankiw on taxing the rich

Tax

Is Delaware uncorporate law unconstitutional?

It is well known that Delaware unincorporated entity statutes (e.g., 6 Del. Code Section 18-1101) permit the waiver of all fiduciary duties, not only of care, but also of loyalty.  Now along comes Lyman Johnson, a respected corporate scholar, to argue, in Delaware’s Non-Waivable Duties that those statutes violate the Delaware constitution (HT Pileggi).  Johnson ... Is Delaware uncorporate law unconstitutional?

Nobel Speculation Time

Every year around this time, I repeat my prediction that Armen Alchian, Harold Demsetz, and Ben Klein will win the Nobel Prize for contributions to the theory of the firm, property rights, and transaction cost economics.  I understand that last year’s prize makes this combination less likely, but I see no reason to deviate.  I ... Nobel Speculation Time

DeLong on Henderson III

On October 3 I wrote:  The DeLong point I want to focus on is his last:  “I genuinely do not understand why Henderson has his job.” By which he means Todd’s law professor job. DeLong’s sole reported basis for this is a post, not by Todd, but by my co-blogger Jay Verret, who refers to a ... DeLong on Henderson III

Misbehavioral Economics: The Case Against Behavioral Antitrust

In a policy speech earlier this year, Commissioner J. Thomas Rosch of the Federal Trade Commission advocating the incorporation of behavioral economics into antitrust analysis suggested one concern that others might have with the approach was that “behavioral economics was simply liberalism masquerading as economic thinking.”   The Commissioner himself has been a vocal proponent of ... Misbehavioral Economics: The Case Against Behavioral Antitrust

Thomas and Wells on executive compensation

We recently welcomed Harwell Wells to the Illinois Corporate Colloquium to discuss his and Randall Thomas’s Executive Compensation in the Courts: Board Capture, Optimal Contracting and Officer Fiduciary Duties.   The paper suggests a new approach to controlling executive compensation:  the courts.  The paper is partly historical, noting that courts have, in fact, been “surprisingly ... Thomas and Wells on executive compensation

Surowiecki on business in film

James Surowiecki, the New Yorker’s financial columnist, discusses “Money Never Sleeps” and “The Social Network.” Along the way he briefly recaps the history of business on film, citing the definitive work on the subject:  The law professor Larry Ribstein, in his paper “Wall Street and Vine,” calls the late eighties “the golden era of anti-capitalist ... Surowiecki on business in film

Cooper and Wright Working Paper Cited in Congressional CARE Act Hearing

I’ve mentioned the CARE Act previously (here and here).  On Wednesday, the House Committee on Courts and Competition held a hearing on the revised CARE Act — which would effectively immunize a host of anticompetitive state alcohol regulations from challenge.  The policy tradeoffs here are that the higher prices and reduced consumption associated with competitive ... Cooper and Wright Working Paper Cited in Congressional CARE Act Hearing

Brad DeLong on Todd Henderson

More than two weeks ago, my co-blogger was subject to one of the most remarkable attacks I’ve seen in the blogosphere.  I have declined so far to participate in the mostly hot-headed debate.  But I write now because last Friday, J. Bradford DeLong, whose personal attack on Todd a couple of weeks ago was one ... Brad DeLong on Todd Henderson

In Elizabeth Warren We Trust?

Todd Zywicki chimes in (WSJ): The head of the Consumer Financial Protection Bureau is one of the most powerful bureaucratic positions ever created in the American political system. It can regulate or ban almost every consumer credit product in the country, yet it is beyond Congress’s power of the purse because its budget is guaranteed ... In Elizabeth Warren We Trust?

McDonald’s, Mini-Meds, and Medical Loss Ratios: What’s to come, and what can Sebelius do about it?

Yesterday, the Wall Street Journal ran an article entitled McDonald’s May Drop Health Plan. The article reported that “McDonald’s Corp. has warned federal regulators that it could drop its health insurance plan for nearly 30,000 hourly restaurant workers unless regulators waive a new requirement of the U.S. health overhaul.” The insurance plan at issue is ... McDonald’s, Mini-Meds, and Medical Loss Ratios: What’s to come, and what can Sebelius do about it?

Some Praise for the FTC

We dole out at least our fair share of criticism for the Federal Trade Commission here.  Now its time for some credit where its due.  Historically, one of the consistent highlights of the Commission’s output has been its competition policy advocacy work.  In this case, the FTC (or at least the Bureau of Competition, Bureau ... Some Praise for the FTC