The Archives

Everything written by Geoffrey A. Manne on law, economics, and more

Another credit snob. Or is he just a snob?

Benjamin Barber (the author of the polemic, Jihad vs. McWorld) has an editorial in the LA Times today.  Its title is:  “Overselling capitalism: Why today’s markets are headed for disaster unless there is a shift in focus.”  At first the editorial looks like a pretty standard entry in the growing line of comments suggesting we ... Another credit snob. Or is he just a snob?

More news about Josh

Since Josh’s academic life continues to be so riveting, I’m going to blog about it once again: This time the big news is that Josh has accepted a visiting offer from the University of Texas School of Law during the 2008-2009 academic year (following the conclusion of his undoubtedly-brilliant and mercifully-brief (brilliant, in part, because it’s ... More news about Josh

The New York Times–shocker!–hates the University of Phoenix

Peter Klein at the always excellent Organizations & Markets Blog has a characteristically excellent post on the New York Times’ characteristically anti-market article on the University of Phoenix (and for-profit higher education). Lest there be any doubt that the article was meant to cast UOP in an unflattering light, check out the picture of UOP’s president, William ... The New York Times–shocker!–hates the University of Phoenix

The Market for DRM

Everyone is talking about Steve Jobs’ open letter on DRM,”Thoughts on Music,” including, best among all of them, my colleague, Josh.  Among many others, see excellent entries from Jim DeLong, Randy Picker and Mike Madison.  Frank Pasquale weighs in with a predictable post about how wonderful the world would be if we just regulated his (perfect) vision of ... The Market for DRM

Josh Wright, Antitrust Superstar

The FTC announced this week perhaps its best decision since . . . well, ever:  Chairman Deborah Platt Majoras today announced the appointment of Professor Joshua Wright to the newly created position of Scholar-In-Residence in the Bureau of Competition of the Federal Trade Commission. With this new position, the Commission will invite an academic expert ... Josh Wright, Antitrust Superstar

Skilling is not a crack whore, it seems to me

In a post over at Co-op, Dave Hoffman wonders why so many in the blogoshpere are publicly outraged by Jeff Skilling’s 24-year sentence, but not, seemingly, by similar-length sentences for drug crimes.  Larry and Christine Hurt (hers is the fifth comment down on Dave’s post) deftly handle the response. As I noted a while back: there ... Skilling is not a crack whore, it seems to me

Mike Madison on the future of legal scholarship

It occurs to me that pretty much the only “must-read” posts I find are at Larry’s blog.  Sensibly enough, as he is the . . . what do they call it . . . “blogfather” of this blog.  But once in a while a post shows up elsewhere that cries for (positive) attention.  Today that post comes from ... Mike Madison on the future of legal scholarship

Where's the outrage?

I don’t have much to add to Larry’s post about Eliot Spitzer’s persecution (and non-prosecution) of AIG and Maurice Greenberg, or to Larry’s ongoing crusade against the criminalization of agency costs.  But I just can’t resist registering my outrage.  How can this sort of thing not make your blood boil?  Other than a few lonely voices ... Where's the outrage?

No, Matt, executive compensation is not all about norms

[UPDATE:  In order to avoid linking glitches we removed the quotes from around the phrase, “all about norms” in the original title.  This post thus has a different url than the original but is otherwise the same.] In a post titled, “Backdating: Yes, Virginia, Execs Do Want Inflated Pay,â€? over at PrawfsBlawg, Matt Bodie weighs ... No, Matt, executive compensation is not all about norms

My article on the hydraulic theory of disclosure regulation

My article, The Hydraulic Theory of Disclosure Regulation and Other Costs of Disclosure is available at SSRN.  Although it will be published in the Alabama Law Review in January (or so), it is still in pretty rough form — the timing of various events dictated submission to law reviews before I solicited comments or finalized ... My article on the hydraulic theory of disclosure regulation

Apparently, some of us do more than just blog once in a while

I’m sure you noticed that Bill’s recent draft is, deservedly, the most downloaded corporate law paper in the last 3 months over at SSRN.  It also turns out that Josh has been pretty busy himself.  In fact, according to Brian Leiter, Josh is 19th in the list of authors with at least three papers with the ... Apparently, some of us do more than just blog once in a while

Jenkins channels Manne

Today’s WSJ has a great article by Holman Jenkins on reporting on the backdating “scandal.”  Larry is, of course, on the case.  I would also — modestly — point out that much of what Jenkins says in his article today, I said in this space about four months ago, when the news was first breaking.  The key ... Jenkins channels Manne