Much has been made during the recent economic crisis of the vast difference in household savings rates between the United States and China. The difference has led to the somewhat…
Forget Bernie Madoff. Meet James Amburn, 56, a financial advisor who runs the investment firm Digitalglobalnet, who was kidnapped, beaten, and tortured by four middle-aged investors after Mr. Amburn lost…
A few days ago, I argued that, even assuming that the costs of the tenure system outweighed any benefits, law schools would derive few benefits from abolishing tenure. Most schools…
The rogue trader story is one that is now all too familiar. A trader appears to be making phenomenal profits, garnering respect, high bonuses, and power within the financial institution. …
Harvard Professor Michael Sandel presents the Reith lectures – the topic, “A New Citizenship” -- this month on the BBC. (HT: Al Roth via Tim Harford). You can listen to…
From the L.A. Times (June 18, 2009): Court denies benefits for girl conceived from dead father's sperm “A 10-year-old Los Angeles girl conceived from the frozen sperm of a dead…
A few days ago, in My Tenure’s For Sale. How About Yours?, I blogged about the purported costs and benefits of tenure, and the extra salary I would demand in…
This week, Becker and Posner take on the Obama administration’s “Pay Czar,” with predictably critical reactions. Posner, in particular, discusses an issue near and dear to my own heart (see…
What’s the minimum that you would accept to give up tenure? Steve Levitt’s asking price is only $15,000, on the rationale that “the value of tenure is inversely related to…