in turn enable further types of interactions beyond the realm of business. The genius of the market is that it enables a wide array of individuals, groupings, and associations to organize spontaneously to advance their various interests in a cooperative fashion that yields win-win arrangements.
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Review of Michael Munger, The Sharing Economy: Its Pitfalls and Promises (Institute of Economic Affairs, 2021)
Transaction costs are one of the most overlooked ideas in economics. They are also one of the most important. The lowering of transaction costs is…
Newsweek
The Shaky Case for Mandating Gender Diversity on Corporate Boards
It’s a good time to be a female business executive in America. The percentage of firms with female CEOs is rising, and a …
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New Analysis on ESG Investing: Friedman, Edmans, and Materiality
At times it seems like public events on environmental, social, and governance (ESG) investing are a dime a dozen; some think tank, consulting firm, or…
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Blog
Review of Michael Munger, The Sharing Economy: Its Pitfalls and Promises (Institute of Economic Affairs, 2021)
Transaction costs are one of the most overlooked ideas in economics. They are also one of the most important. The lowering of transaction costs is…
Newsweek
The Shaky Case for Mandating Gender Diversity on Corporate Boards
It’s a good time to be a female business executive in America. The percentage of firms with female CEOs is rising, and a …
Blog
New Analysis on ESG Investing: Friedman, Edmans, and Materiality
At times it seems like public events on environmental, social, and governance (ESG) investing are a dime a dozen; some think tank, consulting firm, or…
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I, Pencil Meets Today’s Political Realignment
Conservatives are different than they were just a few years ago, and it isn’t just because of Trump, who is more a symptom than a…
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The 2021 Economics Nobels: The Importance of Empiricism, and its Limits
The economics Nobel is given to individuals, but it often really intends to recognize schools of thought or methodological approaches. That is the case with…
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Retro Review: The Social Responsibilities of Business (1970)
The Biblical book of Ecclesiastes reminds us that “there is no new thing under the sun.” Even centuries before the modern era, our ancestors…
