Rescuitating antitrust

Writing in The Nation, Harry First — whose course in Antitrust was among my favorites at NYU Law School (he quipped that he was going to change the name of the course to “History of Antitrust”) — argues for an antitrust revival, freed from the shibboleths of neo-classical economic ideology:
The answer to the “What happened [...]

There’s more than one way to skin a fatcat

IOZ offers a sensible proposal for corporate law reform:
Clearly the solution [to exhorbitant CEO pay] is not to seek legal tools through which executive compensation may be regulated based on some performance metric or blah blah blah, but rather is to make CEOs themselves illegal. My estimation, based on my experience with CEOs of all [...]

Economics for Dummies (i.e. Everyone)

(Thanks to Crooked Timber for the tip.)

Nonsense, and some inadvertent sense, from David Brooks

Commencing a fine example of the insufferable hackery for which he is so inexplicably popular, David Brooks cites three “ambitious young strivers” — Alexander Hamilton, Abraham Lincoln, and Margaret Thatcher — who ostensibly represent a political-economic policy tradition that the contemporary GOP ought to follow. This is, to say the least, an unlikely triumvirate. Only [...]

Wal*Mart’s multi-billion dollar tax evasion

Research by Citizens for Tax Justice and the Change to Win labor coalition indicates that the world’s biggest retailer managed to juggle its books so as to avoid paying some $2.9 billion in state taxes between 1999 and 2005. Details, including a state-by-state breakdown, are available here.
Change to Win considers what states might have done [...]

Illegal immigration takes its toll in the corporate suites

In a special report on “Immigration: The Human Cost“, the Onion News Network addresses the plight of corporate executives losing their jobs to low-paid illegal immigrants.
(Thanks to TomPaine.com for the tip.)