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Interesting Upcoming Law and Economics Center Privacy Event

On Wednesday, March 18, our fellow law-and-economics-focused brethren at George Mason’s Law and Economics Center will host a very interesting morning briefing on the intersection of privacy, big data, consumer protection, and antitrust. 157 more words


Peter Thiel on the Virtues of Monopoly

PayPal co-founder Peter Thiel has a terrific essay in the Review section of today’s Wall Street Journal.  The essay, Competition Is for Losers, is adapted from Mr. 1,004 more words


Crony Capitalism Revisited

There were several letters in today’s Wall Street Journal commenting on my recent op-ed with my son Joe on second best arguments for various forms of crony capitalism. 242 more words

Truth On The Market

From Today's New York Times: Uber and Amazon

The Times seems to specialize in stories that use lots of economics but still miss the important points. Two examples from today: Stories about Uber, and about the dispute between Amazon and Hachette. 427 more words

Truth On The Market

Some Data on the Arab-Israeli Conflict

As another Israeli-Muslim armed conflict begins, it instructive to consider the lethality of previous conflicts.  The best estimate is that about 35,000 Muslims have been killed in all of the Israel-Muslim conflicts since 1948. 78 more words

Truth On The Market

A Cost-Benefit Framework for Antitrust Enforcement Policy

Debates among modern antitrust experts focus primarily on the appropriate indicia of anticompetitive behavior, the particular methodologies that should be applied in assessing such conduct, and the best combination and calibration of antitrust sanctions (fines, jail terms, injunctive relief, cease and desist orders).  1,120 more words

Truth On The Market

From the Wall Street Journal, July 8, 2014, on Crony Capitalism

My son Joe and I have an op-ed in today’s WSJ that should stir up some controversy.

Opinion Wall Street Journal

The Case for Crony Capitalism… 744 more words

Truth On The Market