Law and economics

An introduction to law and economics. . . . → Read More: Law and economics

Focal points and fuzzy borders

In the 1960s a slogan from the anti-Vietnam war movement in the United States urged people to ‘make love, not war’. In 2006—half a century later—Amos Oz published a book, How to Cure a Fanatic, in which he introduces an alternative phrase: ‘make peace, not love.’ He urges us to be more imaginative in peacemaking. The creation of fuzzy borders is one idea. . . . → Read More: Focal points and fuzzy borders

The BRICs, the G20, and the P5

A brief history of economic policy coordination and political aspirations by old and new economic powers. . . . → Read More: The BRICs, the G20, and the P5

Ich bin ein Berliner

An unusual, personal column on statelessness, identity, and freedom. . . . → Read More: Ich bin ein Berliner

No Ties, Please

Here’s my plea: Vote decisively. I’d rather take another four bad years with a clear Bush-win, and be sure to get a new fellow come January 2009, than another four years of a mandate-less winner and all the uncertainty that brings. . . . → Read More: No Ties, Please

Economics, Law, and Environmental Protection

If reduced risk of environmental damage and natural resource harm is the objective, an economist would want to think about the incentive structure offered by alternative liability regimes that can be encoded in law to achieve that objective. Thus we ask what are the factors that demarcate the effectiveness of such regimes? . . . → Read More: Economics, Law, and Environmental Protection

Constitutional Economics

As we celebrate U.S. independence day—the 4th of July—let us reflect on the economics of the constitution. . . . → Read More: Constitutional Economics

Law and Economics

David Friedman argues that muggers are “rational,” understanding that it is easier to mug a little old lady at zero cost of resistance than to mug someone carrying a four-foot stick. Even muggers want to minimize costs to maximize their loot. Hence, muggers go for easy targets, just as lion tend to hunt zebras, not leopards. . . . → Read More: Law and Economics

Good News—The Presidential Election is Tied

The race for the presidency is tied. Period. As in football games, so in elections, Americans abhor ties. We would rather play overtime and decide—right here, right now—who is the winner. But tied the presidential race is, and no amount of vote re-counting will make me think that one or the other candidate has “won.” And is a tied vote really as bad as people and the media appear to believe? . . . → Read More: Good News—The Presidential Election is Tied

Bore, Gush, or Cheneyman?

The nearly universal acclaim the civility of the Cheney/Lieberman debate received, as opposed to the more impolite exchanges between Mr. Gore and Mr. Bush, does not relieve voters from their duty to examine the proposals on the table. While politeness—”class,” if you will—is important, in the end what counts is what these men wish to do when they get into the White House. . . . → Read More: Bore, Gush, or Cheneyman?

Looking for a Good Deal? How About Supporting the UN?

UN bashing is fashionable in the U.S., almost as fashionable as Japan-bashing or China-bashing. Unfortunately, this is mistaken. Any patriotic American should very much be pro-UN. Never mind the squabbles that inevitably arise when 200 parties sit together, the UN and the UN system of associated agencies are a good deal, even for the U.S. . . . → Read More: Looking for a Good Deal? How About Supporting the UN?

Affairs of the Nation

The real failing and scandal of the current investigation of President Clinton’s private affairs is that politicians, pundits, and media moguls better had pay attention to the public lives of 270 million Americans than to the private life of one. . . . → Read More: Affairs of the Nation