Showing archive for: “Innovation & Entrepreneurship”
Why can’t we have a better press corps?: WaPo Google antitrust edition
Steven Pearlstein at the Washington Post asks if it’s “Time to loosen Google’s grip.” The article is an analytical mess. Pearlstein is often a decent business reporter–I’m not sure what went wrong here, but this is a pretty shoddy piece of antitrust journalism. For the most part, the article is a series of tired claims ... Why can’t we have a better press corps?: WaPo Google antitrust edition
Correcting Herb Kohl (and Kayak and Bing Travel . . .) on Google/ITA
Today comes news that Senator Kohl has sent a letter to the DOJ urging “careful review” of the proposed Google/ITA merger. Underlying his concerns (or rather the “concerns raised by a number of industry participants and consumer advocates that I believe warrant careful review”) is this: Many of ITA’s customers believe that access to ITA’s ... Correcting Herb Kohl (and Kayak and Bing Travel . . .) on Google/ITA
TiVo v. EchoStar: A study in abusing the courts instead of just respecting the patent
On November 9, the en banc US Court of Appeals for the Federal Circuit heard oral arguments in an extremely important patent infringement case (mp3 of oral argument here). Hanging in the balance are the very incentives for technological innovation and the seeds of economic progress. The arguments made in the case by the infringer, ... TiVo v. EchoStar: A study in abusing the courts instead of just respecting the patent
The SEC slams venture capital
Dodd-Frank imposed registration requirements on advisors of hedge funds. The act exempted venture capital funds but left it to the SEC to define these funds. The SEC has now proposed a definition as part of new rules implementing Dodd-Frank’s hedge fund provisions. According to the SEC’s press release, a venture capital fund is a private ... The SEC slams venture capital
Coase and the 800 Pound Man
Ronald Coase has been on my mind quite a bit lately. His ideas have made a couple of recent appearances in my business organizations class. As I’ve explained before, we spend the first day of Bus Orgs contrasting F.A. Hayek’s The Use of Knowledge in Society, which argues that central planning is destined to fail because planners cannot gather ... Coase and the 800 Pound Man
The future of the Company and the Uncorporation
The Economist has some important recognition of the uncorporation, written by its Schumpeter columnist, who is Adrian Wooldridge. Wooldridge co-wrote with John Micklethwait an important little book called The Company. The article begins, in the spirit of Wooldridge’s book, by noting that “for most of the past 150 years public companies have swept all before ... The future of the Company and the Uncorporation
Paul Krugman spouting nonsense
In this morning’s New York Times, Professor Paul Krugman laments the state of America, and, as a remedy, proposes . . . surprise! . . . more government spending. He writes: “When we save a schoolteacher’s job, that unambiguously aids employment; when we give millionaires more money instead, there’s a good chance that most of ... Paul Krugman spouting nonsense
Singapore, hedge funds and jurisdictional competition
While the US, via Dodd-Frank, has increased its regulation of hedge funds by requiring registration and disclosure, one important jurisdiction is pulling back and poised to reap the benefits. Per Bloomberg, Singapore declined in April to require licensing of hedge funds and attracted several new hedge funds in May and June. “Singapore did not shoot ... Singapore, hedge funds and jurisdictional competition
Congress enables a start-up
The WSJ reports on the sad state of venture capital: [F]und raising has now come to a near halt. Thomson Reuters estimates U.S. venture-capital funds raised just $1.9 billion in the second quarter. By comparison, in the same period of 2000, the peak year, funds raised $33 billion. In 2009, just 170 funds raised new ... Congress enables a start-up
Law as an immature industry
It’s no news that law grads can’t find good law jobs and can’t pay their debts. Steve Bainbridge explains: The post-war expansion of the regulatory state, the opening of the courthouse doors to new claims during the warren Court era, and the litigation explosion provided an exogenous shock that caused demand for lawyers to rise ... Law as an immature industry
Law entrepreneurs
On Thursday I’ll be speaking at the Law & Entrepreneurship “Conference within a Conference” hosted by Law & Society at its annual meeting in Chicago. Here’s my panel, also including Rob Beard, Brian Broughman and Erik Gerding. My topic is “law entrepreneurs.” My presentation will continue my speculation, begun in Death of Big Law, on ... Law entrepreneurs
The Capitalist & The Entrepreneur: Essays on Organizations and Markets
I purchased my copy of Peter Klein’s latest — The Capitalist & The Entrepreneur: Essays on Organizations and Markets — today. It is available for purchase here and here. And if you wont to sneak a peak, you can see the full version here. The role of the entrepreneur is one of the more under-theorized ... The Capitalist & The Entrepreneur: Essays on Organizations and Markets
