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More on Elizabeth Warren on Theory and Interpreting Data
With all the talk about the CFPB, Elizabeth Warren has been in the news lately. The blogs too. Most of the discussion has been about whether or not Timothy Geithner is a friend or foe to the Democrats’ preferred option of getting Warren nominated as the first chief of the CFPB. Today, Megan McArdle started ... More on Elizabeth Warren on Theory and Interpreting Data
The Dell rule
More than three years ago I provided this “corporate crime primer”: The Apple Rule provides for an exception from corporate criminal liability when a popular business executive is accused of, or presides over a company that is accused of, misconduct. “Popular” is defined as “liked by journalists.” * * * By contrast, when an “unpopular” ... The Dell rule
Elizabeth Warren on fact, law and theory
Since Professor Warren is much in the news lately, I thought it was time to reprise my post on her from almost four years ago. Also read the comments. Enjoy.
Copyright Trolls
A new business model for newspapers? From Wired (HT: Kevin Ohlhausen): Steve Gibson has a plan to save the media world’s financial crisis — and it’s not the iPad. Borrowing a page from patent trolls, the CEO of fledgling Las Vegas-based Righthaven has begun buying out the copyrights to newspaper content for the sole purpose ... Copyright Trolls
A Book That “Underpromsises and Overdelivers”
So says Professor Zagros Madjd-Sadjadi (Winston-Salem State University) about the volume on Pioneers of Law and Economics (which I edited along with my colleague Lloyd Cohen, and to which I contributed a chapter on the contributions of Ben Klein to law and economics). The full book review, appearing in the American Review of Policy Economy, ... A Book That “Underpromsises and Overdelivers”
Mad Men returns
I’ve described Mad Men as a wonderful illustration of my theory about how business is portrayed in film (here it’s television, but much of the theory still holds): [A]rtists are inclined to view business as not just different from but antithetical to what they do. Artists (at least modern artists) are into self-expression. In other ... Mad Men returns
The pressures on prosecutors
Tomorrow’ WSJ has an interesting story that sheds light both on why we haven’t seen prosecutions from the recent financial crisis, and why we saw so many before that. The story discusses the decision not to prosecute AIG’s Joe Cassano – the “man who crashed the world.” I discussed this decision last April, noting how ... The pressures on prosecutors
Battling the mistrust-makers
My contribution to Forbes.com’s special feature on The Trust Gap. I discuss the mistrust industry, particularly including journalists and politicians, and its contribution to the weakening of capitalism.
What’s the Optimal Level of Sports Rivalry?
Michael Jordan says he would have never called Larry Bird or Magic Johnson to join forces because “honestly, I was trying to beat those guys.” Jordan catches himself, notes its a different era now, and concludes about the LeBron-Wade-Bosh cooperation that he “can’t say that’s a bad thing.” Dan Shaugnessy (ESPN) recounts how Cardinals pitcher ... What’s the Optimal Level of Sports Rivalry?
Bad and good news for law students
Most of what we hear about the lawyer market tracks current employment figures at law firms. Everybody knows they’re down. Today’s WSJ discusses laid-off lawyers who have found it so bad they’re leaving law altogether and going into things like comedy. But then it’s bad all over, so this may be about the economy. Well, ... Bad and good news for law students
When political preferences masquerade as political necessity
Josh has recently discussed his thoughts about the intellectual trajectory of the newly-minted CFPB and how that intellectual trajectory might influence the selection of the Bureau’s first director–presumed to be either Michale Barr or Elizabeth Warren. His is a brief, dispassionate and intellectually-honest assessment. But given Simon Johnson’s brief, intemperate and intellectually-devoid assessment of the ... When political preferences masquerade as political necessity
Brussels LLM in Competition Law and Economics
Nicolas Petit, who blogs at Chillin’ Competition and teaches at the University of Liege, has started an ambitious, new LLM in competition law and economics at something called the Brussels School of Competition. It strikes me as interesting and helpful for being an academic law and economics program focused very clearly on practitioners and practical ... Brussels LLM in Competition Law and Economics
