National Review on Judicial Ethics and GMU's Law and Econ Center
This National Review editorial defends George Mason’s Law and Economics Center from what it describes as “junk ethics” charges. My colleague Ilya Somin has picked up the story at Volokh. In the comments to Ilya’s post, GMU Foundation Professor and Associate Dean Frank Buckley, Director of the LEC, responds to some of the charges that have ... National Review on Judicial Ethics and GMU's Law and Econ Center
Supremes Take New Antitrust Cases
Hanno Kaiser at the Antitrust Review reports (courtesy of the ABA listserv) that SCOTUS has granted cert in Weyerhauser (predatory buying) and Twombly (pleading standards), but not Schering-Plough (reverse payments). Speaking of Weyerhauser, the FTC/ DOJ single firm conduct hearings started off with an examination of predatory pricing issues. The materials from the hearings are ... Supremes Take New Antitrust Cases
Salinger on Price Gouging
Economist Michael Salinger, Director of the Federal Trade Commission’s Bureau of Economics for the past year, comments on the recent FTC Report and price gouging in Sunday’s WSJ (HT: Greg Mankiw). I have blogged a bit about the FTC Report previously: once about its findings (that “market manipulation” did not explain post-Katrina price increases), once ... Salinger on Price Gouging
DOJ Asks Court to Hold ABA in Civil Contempt
The press release is here. The petition alleges that the ABA violated at least six provisions of the 1996 antitrust consent decree, which was otherwise scheduled to expire on June 25th, and was filed along with a stipulation and proposed order in which the ABA acknowledges these violations and agrees to pay $185,000 in fees ... DOJ Asks Court to Hold ABA in Civil Contempt
TOTM, Now with Extra Nuance!
In response to Thom’s post on the merits of federal subsidies for private efforts to develop alternative fuels, frequent and thoughtful commentor William Goodwin issues a critique of Thom’s post, and of TOTM more generally. I will leave the merits of Mr. Goodwin’s specific criticisms (do read them) to Thom, but this particular portion caught ... TOTM, Now with Extra Nuance!
The FTC Takes On the DOJ in Schering-Plough
There is a very interesting development in the ongoing saga of the FTC v. Schering-Plough Corporation, a very important antitrust case involving a payment from a branded pharmaceutical manufacturer to a generic to delay entry (a “reverse payment”). The interesting development is that the FTC, who offered a brief in favor of cert., has now ... The FTC Takes On the DOJ in Schering-Plough
Henry Manne on Behavioral Finance & Insider Trading
When Henry Manne writes about insider trading, as he does this week in the WSJ op-ed, one can be sure that it is worth reading. The op-ed, which is the first installment of a two part series, offers two central points: (1) the behavioral finance literature does not support the regulation of insider trading, but ... Henry Manne on Behavioral Finance & Insider Trading
Do Any (Other) Law Schools Have A Dominant Paradigm?
An exchange between Ethan Leib at Prawfsblawg and Kate Litvak in the comments to Ethan’s very interesting post on political science in the academy raises some interesting questions about the status of law and economics in the legal academy. Ethan kicks off the exchange by noting that: “[Y]ou’d have to be blind to ignore that ... Do Any (Other) Law Schools Have A Dominant Paradigm?
Miami Heat in 7
That’s my prediction for the NBA Finals. The betting markets and Vegas have Dallas favored, as do most pundits. The series has a ton of interesting matchups. A classic battle of styles: the Mav’s speed against Miami’s inside out attack. Why pick the Heat? In a game of two very contrasting styles, I refuse to ... Miami Heat in 7
Buy or Die, Update
Via Marginal Revolution, I came across this letter from the National Kidney Foundation to the AEI in anticipation of AEI’s upcoming event (June 12th) addressing the national organ shortage (previous post here). Here’s an excerpt: The officers and staff of the National Kidney Foundation (NKF) were surprised to learn that AEI has scheduled a forum ... Buy or Die, Update
Weekend Reading List
Grading has been keeping me pretty busy the last several weeks, and I haven’t done as much reading or writing as I would have liked recently. I finally finished my grading today, and so can turn my attention to the monstrous stack of papers that have caught my eye over the past month or so. ... Weekend Reading List
Buy or Die
AEI is hosting an event focusing on the problems of the nation’s shortage of vital organs. The website has links to the papers. The event agenda includes my friend and colleague Lloyd Cohen, who has done a good deal of work in this area (including this). Here’s the event description: The nation’s system for procuring ... Buy or Die
