Category Archives: Uncategorized

“But with that incredible growth came new problems.” –Ben Mezrich, The Accidental Billionaires, Ch. 22. Does Facebook face any real competition these days? ConnectU is dead. LinkedIn and Twitter are not even close (see this chart via AdWeek). Here are … Continue reading →

That is our revised title of Richard Cohen’s recent essay in the Washington Post. Here is the gist of Mr Cohen’s argument in defense of tipping: The waiter is my guy for the duration of the meal. He’s my agent. … Continue reading →

Here is our final project for our students this semester.

Check out the level of noise complaints for the Upper East Side. Either that part of town has a lot of noise or a lot of noise complainers. Hat tip: Ana Swanson (via Trulia).

We explore this novel legal question in our most recent work-in-progress titled “The Law & Economics of Research Fraud,” which is available on the Social Science Research Network (SSRN) here. Our paper sets the stage by reviewing three recent examples … Continue reading →

The “Nobel Prize” in economics–or the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2015–is perhaps the most prestigious award in all of the social sciences. Previous winners include our intellectual heroes Thomas Schelling, Ronald Coase, and … Continue reading →

Before Sean Parker discovered Facebook, he had co-founded a company called Napster, a peer-to-peer file-sharing website that allowed users to share MP3 music files with each other (see image below, courtesy of the website “How Stuff Works“). At the time, Napster … Continue reading →

In our previous two posts (part 1 and part 2), we summarized Professor Richard Epstein’s critique of the great F. A. Hayek. It is now time to assess Epstein’s criticisms of Hayek–to critique the critique, so to speak. It pains … Continue reading →

We will be attending a public lecture later today (10/8) by NYU law professor Richard Epstein on “The Continuing Relevance of Hayek’s The Constitution of Liberty.” If you are in the metro DC area, please join us. The lecture is scheduled for four o’clock in the … Continue reading →