Category Archives: Uncategorized

If eggs had FDA labels

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Visualization of Dante’s Inferno

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Science in six words

Hello there! Check out these six-word science stories from a recent issue of the journal Science, vol. 153 (1 July 2016), pp. 22-24. Here are six of our favorites: “Try. Fail. Try Harder. Fail again.” (Robert Kumsta, Psychology, Germany) “Frequently … Continue reading →

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No vehicles in the park?

In this post, let’s revisit H.L.A. Hart’s paradigm example of the problem of interpretation in law: a prosaic ordinance prohibiting “vehicles in the park” (a real life example of just such an ordinance is pictured below). Assume the text of … Continue reading →

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Judging the Magna Carta

You may have heard of “The Living Constitution” (i.e. the idea that the Constitution changes over time to meet our current needs), but have you ever heard of “The Living Magna Carta”? If not, check out this beautiful paper by … Continue reading →

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Litigation as a dollar auction

That is the title of our most recent work-in-progress, available here on SSRN. Here is an extract from the first draft of our four-page paper: “Martin Shubik [pictured below] introduced the dollar auction game in a short paper published in … Continue reading →

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What is the optimal level of liberty?

Our friend and colleague Alex Tabarrok recently wrote this depressing blog post reporting that “freedom in the world is in decline.” But how does one even begin to measure something like “freedom,” and even if one could measure such a … Continue reading →

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Gone fishing …

FYI, we won’t be blogging over the Fourth of July weekend. We’ve decided to declare our independence from the Internet to spend more time with our family and friends …

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Nested promises

Have you ever noticed the fine print on some merchant receipts? Does this example of an agreement within an agreement (i.e. “I promise to keep my previous promise to pay”) make any logical sense? Does it make the original promise … Continue reading →

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Three lessons from our father

Family first. Work hard. Be loyal.

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