Tag Archives: economics

Coase’s Conception of Production Factor Costs (and the Coasean Challenge)

Here I want to lay out Coase’s conception of production factor costs as articulated in The Problem of Social Cost.  Coase’s conception of production factor costs has very significant implications for what might be called the “Coasean Challenge”–a challenge which in my view has been … Continue reading

Posted in Organized, Politics, Random Jurisprudence | Tagged , , , , , | 2 Comments

Notes in Support of the Liberal Arts Law School

Here are a few ideas for how law schools that are not in the top ten (or not in the fifteen that are in the top ten) might respond to the structural forces bearing down on legal education. For those … Continue reading

Posted in Experimental, Politics | Tagged , , , | 1 Comment

We Built It (Part II–Factors of Production)

“We built it.”  So runs the mantra of the GOP.   To which there is only one possible response: Well, actually no you didn’t.   And let me explain why since it’s not addressed in my last post on this subject. … Continue reading

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Tracking for Law Students: Solution or Abdication?

Professors, journalists, and, most saliently, students have raised national awareness about the steep rise in college and post-graduate tuitions over the last thirty years.  As someone who has a hard time remembering statistics, for me the easiest math on the … Continue reading

Posted in Politics, The BAT Cave | Tagged , , , | 3 Comments

Coase and “The Problem of Social Cost” (Again)

I don’t know if other academics experience this, but I find that, in scholarship, I am drawn to certain texts or problems over and over again for reasons that remain elusive.   And so here I am again, writing yet … Continue reading

Posted in Politics, Random Jurisprudence, The BAT Cave | Tagged , , | 1 Comment

Cain, Cows, the Economy and the Environment

Herman Cain unleashed an advertisement in Iowa, claiming that the EPA’s plans to regulate methane from cows and dust from farms would be the death knell for Iowa farmers.  Truth, or even truthiness, as Steven Colbert would say, do not … Continue reading

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The Economy versus the Environment? Not! (Or Why to Be Tigger Instead of Eeyore this Halloween)

Jobs versus the Environment.  It’s an old rhetorical battle that has recently acquired new life.  Here are some examples of its past.  In the 1970s and 80s, when the Clean Air and Clean Water Acts were passed and initially enforced, … Continue reading

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Jobs, Death, Philanthropy and Taxes

As a former user of pc’s and various other non-Apple tech products, I still have the fervor of the newly converted. I love my MacBook Pro, my iPhone and iPad, and think everything Apple is faster, more intuitive, less buggy, … Continue reading

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America—The Young? (Full-On Decadence)

It is a commonplace that America is a young country.   The idea rests on an implicit frame of comparison (Europe) as well as the ascription of an origin in 1776 or 1789 or some such date.  The idea also rests on … Continue reading

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David Brooks v. Belgium

David Brooks has a column this morning, “The Lost Decade,” in which he describes our bad economy as an “emergent condition”—one where the condition (viewed as a whole) is worse than the sum  of its parts.  He then suggests that … Continue reading

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