Adam Smith warned that people in the same trade rarely meet without the conversation turning to a scheme to raise prices. Antitrust enforcers on both sides of the Atlantic now suspect they can skip the meeting—a shared shareholder may do the job. In May 2025, the U.S. Justice Department (DOJ) and Federal Trade Commission (FTC)…
What does it mean to be a law & economics (L&E) scholar? It can’t require a Ph.D. in economics. Richard Posner doesn’t have one. He didn’t even major in economics as an undergraduate, preferring English—as did his Chicago colleagues Douglas Baird and Diane Wood. It can’t require a law degree, either, or Ronald Coase, William…
I blogged in March about an outrageous decision by a Law Society Standards Committee decision which fined Stephen Franks and Franks Ogilvy for the sin of “being lawyers”. I wrote: The Legal Complaints Review Officer overturned the decision, noting: The very purpose of a lawyer or firm sending a letter on behalf of a client…
A guest post by Alex Penk: “Woke 1” was crazy. Don’t take my word for it; that’s what Alexandria Ocasio-Cortez said. The globally influential US politician made the comment when asked to explain some of her past positions, like defunding the police, and the internet went, well, crazy. But the most interesting thing is what the…
How Politicians Misunderstand Highly Nuanced Legal Concepts David Harvey writes – The National Party announced a policy that proposes to remove the right to silence that can be invoked by adults who may (or may not) have information surrounding the cause of death of a child under 12. The term “right to silence” has a […]
From Azhar v. Choudhri, decided today by the Texas Supreme Court: A man who has lived in Houston since he… The post Texas Court Refuses to Enforce Pakistan Court’s Divorce Judgment, in $100M-Marital-Community-Asset Case appeared first on Reason Magazine.
The US federal government owns and administers 472,892,659 acres or 21% of the land area of the lower 48 states, the country’s largest landowner. The resource is held and managed as a collective resource, the Federal Lands, through political and bureaucratic interpretation of the Multiple Use principle and generally, the biological aim of maximum sustained-yield.…
My ECONS101 lecture today covered price controls, and as examples we discussed the minimum wage (as an example of a price floor) and rent control (as an example of a price ceiling). 611 more words
It seems so: Internal documents reviewed by the FT show that three days earlier, behind the walls of Vaduz Castle, Europe’s wealthiest ruling dynasty had quietly approved an overhaul that strengthens the authority of a prince who already wields extraordinary power over his 42,000 citizens, while reducing some of the rights and checks exercised by…
The Herald reports: Green Party co-leader Chlöe Swarbrick won’t say if she would have advised her MP Hūhana Lyndon against meeting with members of the Mongrel Mob. After being asked the question twice, Swarbrick said she needed to “understand more of the context as to what has played out here”, although she earlier said having…
My last book review was of Daron Acemoglu and James Robinson’s 2012 book Why Nations Fail. It’s taken me a while (with many interruptions), but I recently finished reading their 2019 book… 731 more words
Whatever one thinks of the climate issue, its questions need to be answered according to the disciplined rationale of both the U.S. Constitution and scientific inquiry. The post Climate Lawsuits Fail Constitutional and Scientific Review appeared first on Watts Up With That?.
Why Evolution is True is a blog written by Jerry Coyne, centered on evolution and biology but also dealing with diverse topics like politics, culture, and cats.
In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.”
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