Ronald Coase part 2: Markets Don’t Fail, They Fail to Exist
12 Oct 2023 Leave a comment
in applied price theory, comparative institutional analysis, economics of regulation, history of economic thought, industrial organisation, law and economics, property rights, Ronald Coase, Ronald Coase, theory of the firm
Why was Texas divided after it joined the USA?
12 Oct 2023 Leave a comment
in economic history, International law, law and economics, politics - USA Tags: maps, Texas
David Friedman on his Intellectual Legacy
08 Oct 2023 Leave a comment
in David Friedman, history of economic thought, law and economics
Initial Reactions to the Amazon Antitrust Case
28 Sep 2023 Leave a comment
in industrial organisation, law and economics Tags: competition and monopoly, competition law
The Federal Trade Commission and 17 state attorneys general have sued Amazon.com, as the FTC press release says, “alleging that the online retail and technology company is a monopolist that uses a set of interlocking anticompetitive and unfair strategies to illegally maintain its monopoly power.” The FTC complaint filed with the US District Court for…
Initial Reactions to the Amazon Antitrust Case
Ronald Coase Part 2: Markets Don’t Fail, They Fail to Exist
26 Sep 2023 Leave a comment
in applied price theory, applied welfare economics, comparative institutional analysis, economics of information, history of economic thought, law and economics, Ronald Coase, Ronald Coase, theory of the firm
Ronald Coase Part 1: Reconciling Theory with Reality
25 Sep 2023 Leave a comment
in applied price theory, comparative institutional analysis, history of economic thought, law and economics, property rights, Ronald Coase, Ronald Coase
Can Trump be blocked from running? Two legal scholars debate the 14th Am…
16 Sep 2023 Leave a comment
in economics of crime, law and economics, politics - USA Tags: 2024 presidential election
El Salvador and the elasticity of supply
11 Sep 2023 Leave a comment
in economics of crime, industrial organisation, law and economics
Many of you have written in and asked what I think of president Bukele throwing all those gang members (and possibly others) in jail without much due process. I do hope to learn more about this, including possibly with a trip to El Salvador later this year. In the meantime, I say let’s put aside […]
El Salvador and the elasticity of supply
Handy guide
09 Sep 2023 Leave a comment
in discrimination, economics of crime, economics of media and culture, gender, law and economics, liberalism, Marxist economics Tags: free speech, political correctness, racial discrimination, regressive left, sex discrimination
Law-Abiding Immigrants
08 Sep 2023 Leave a comment
in economic history, economics of crime, labour economics, labour supply, law and economics, occupational choice Tags: economics of immigration, law and order
The subtitle is The Incarceration Gap Between Immigrants and the U.S.-Born, 1850–2020, and the authors are Ran Abramitzky, Leah Boustan, Elisa Jácome, Santiago Pérez, and Juan David Torres. Here is the to-the-point abstract: Combining full-count Census data with Census/ACS samples, the researchers provide the first nationally representative long-run series (1870–2020) of incarceration rates for immigrants […]
Law-Abiding Immigrants
Just watched a documentary on Bernie Madoff and his gullible investors
06 Sep 2023 Leave a comment
in economic history, economics of crime, financial economics, law and economics Tags: active investing
Almanac: Charles Ponzi and his “Ponzi Scheme”
27 Aug 2023 Leave a comment
in economics of crime, financial economics, law and economics
Benefit-cost analysis without the benefits or the analysis: How not to write Merger Guidelines
20 Aug 2023 Leave a comment
in applied price theory, history of economic thought, industrial organisation, law and economics
NEW PAPER ON SSRN: The wealth-creating engine of capitalism is the movement of assets to higher-valued uses. Our biggest and most valuable assets, and those with the greatest wealth-creating potential are corporations. Antitrust law and practice work to facilitate this movement, while deterring the types of mergers which substantially lessen competition. Previous iterations of the DOJ/FTC Merger…
Benefit-cost analysis without the benefits or the analysis: How not to write Merger Guidelines
Utopia, you are standing in it! 
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