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Last Entry: August 16, 2009 at 15:44:12

Two-year J.D.

Posted on June 21, 2008
Northwestern University Law School has just announced that it will begin a two-year J.D. program. Here's the Chicago Tribune story with a quote from my colleague Larry Solum. And here's a post in the Wall Street Journal Law Blog. And...

Jerusalem 5 (and More)

Posted on June 18, 2008
It has been more than two weeks since I returned from Jerusalem and my wonderful experience at the Hebrew University of Jerusalem. A trip to lovely Boulder, Colorado, for a conference on the New Institutional Economics and Law, held at...

Jerusalem 4

Posted on June 02, 2008
On Saturday, I took a half-day tour to Bethlehem. That city of 120,000 is only about 6 miles south of Jerusalem, but getting there instructs one about the tensions that exist here. The tour company collected the few of us...

Jerusalem 3

Posted on May 30, 2008
I've just wound up a very busy week in Jerusalem. The Faculty of Law at the Hebrew University of Jerusalem has been hosting several conferences and had at least two faculty workshops with guest speakers. The Hebrew University is a...

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Jerusalem 2

Posted on May 27, 2008
If you have never been to Jerusalem, there are a couple of things about the place that you might not know. First, it's located at 1000m altitude. It's pretty high, and every now and then it snows here in the...

Jerusalem

Posted on May 25, 2008
It is Sunday, May 25, here in Jerusalem. There are several surprising -- to an American or European -- aspects to the rhythm of life here. First, the work week is Sunday through Thursday. Shabbat is Saturday. Actually, it's a...

Something New

Posted on May 21, 2008
I'm in Jerusalem for three weeks, teaching a short course in the Faculty of Law at the Hebrew University of Jerusalem on "The Economic, Behavioral,and Empirical Analysis of Contract Law." I've visited Jerusalem and Israel before, having been a Fulbright...

U.S. Prison Population

Posted on April 24, 2008
Cooter and I have remarked, in the fifth edition of our text, on the fact that the U.S. prison population increased four-fold from 1980 to 2002 -- from 500,000 to 2 million. This is an extraordinarily interesting story in today's...

Conference on Debt

Posted on April 20, 2008
On May 2-3, 2008, the University of Illinois College of Law, in cooperation with the American Bankruptcy Institute (ABI), is presenting a two-day conference geared to debt counselors, scholars, bankruptcy judges, attorneys, and financial representatives entitled ?A Debtor World: Interdisciplinary...

Prediction Markets, Again

Posted on April 18, 2008
I am a great fan of the literature on prediction markets and of their potential for policy innovation. Two recent articles are well worth reading for their insights on prediction markets. The first is an article from The New York...

Cell Phones and Poverty

Posted on April 14, 2008
I'm teaching a course this semester on "Law and Economic Development." It's an area in which scholarship is booming. There are lots of exciting new ideas about how to explain development and the lack of development and some interesting proposals...

Defaults

Posted on April 10, 2008
Jagdeep and I have been otherwise occupied for a while -- he with health issues; I with a dean search. But we're both eager to get back to regular blogging. There will be some changes coming in the near future....

New Developments in Economics

Posted on February 21, 2008
David Leonhardt's weekly "Economic Scene" column in The New York Times has, today, a wonderful report on what he thinks is the most exciting development in economics -- the Jameel Poverty Action Lab at MIT. See the article here. Note...

Bill Gates on Creative Capitalism

Posted on January 24, 2008
Bill Gates's talk at the Davos meeting is well worth pondering. You can find the Wall Street Journal's extensive coverage here. TSU

More on the Treasury Plan

Posted on December 15, 2007
James Surowiecki's "Financial Page" column in The New Yorker, available here, discusses the Treasury scheme for dealing with the current problem of defaulting subprime mortgage loans and the near future problem of further defaults as the rates for many of...

Subprime Solutions

Posted on December 15, 2007
Last week's Economist magazine, in its "Economics Focus" column, gave a marvelous analysis of why the Treasury, led by my Dartmouth classmate, Hank Paulson, is involved in proposing solutions to the subprime mortgage problem. See here. TSU

NYT Magazine -- 70 Great Ideas

Posted on December 08, 2007
This Sunday's New York Times Magazine has its annual survey of great new ideas, available here. This is astonishingly good fun and fascinating. Here's just one little taste: scientists have figured out what the appendix is for. (For those of...

Compensation for Wrongful Conviction

Posted on December 07, 2007
The New York Times had, on December 2, this story about some states' attempts to deal with compensation for wrongful conviction. Since 1989, there have been more than 200 prisoners exonerated for crimes they did not commit but for which...

Market Design

Posted on November 22, 2007
I highly recommend Al Roth's new research paper, "What Have We Learned from Market Design?" The piece is an NBER Working Paper; so, you'll only be able to access it for free if you have an institutional account. Otherwise, it...

Death Penalty and Deterrence

Posted on November 17, 2007
Tomorrow's (November 18) New York Times has an excellent article by Adam Liptak, summarizing the recent scholarly literature on the deterrent effect of capital punishment. Liptak very helpfully includes links to the most recent literature on the topic...

Criminal Profiling

Posted on November 15, 2007
In the November 12, 2007, New Yorker magazine, Malcolm Gladwell has a marvelous article -- "Dangerous Minds: Criminal Profiling Made Easy," available here. The article is a devastating critique of criminal profilers. Here's an example of the sort of guidance...

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