By: Kenneth D. Gartrell
The ongoing wave of white-collar crime prosecutions recently led by a spree of option-backdating cases raises some important economic questions about how to measure harm for sentencing purposes and some equally important questions about the relationship of overlapping civil and criminal proceedings.
There appears to be a search in the legal […]
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Posted in Kenneth D. Gartrell, Gun Laws on Feb 15th, 2008
By: Kenneth D. Gartrell
Get a license to carry a concealed weapon…at least that is what I did?
When we make economic decisions we weigh the marginal cost and the marginal benefit of the decisions we are making. But as this tale tells, the point at which we assess the marginal cost and benefit can influence […]
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Posted in Legal, Kenneth D. Gartrell, Business on Feb 13th, 2008
By: Kenneth D. Gartrell
Law firms optimally combining size and leverage appear to be the most profitable.
Are they also the most interesting places to work, with the most attractive career potential for entering associates who have high value added skills and degree combinations that can engender innovation, profit and growth? This exploratory analysis […]
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Posted in Economics on Feb 11th, 2008
Cross-posted from Adam Smith, Esq.:
By: Bruce
From the Journal of Economic Education (hat tip to “Truth on the Market“) comes the first study I’m familiar with examining whether the choice of undergraduate major has any effect on a lawyer’s career earnings. And guess what? If you major in economics, it helps; majoring in anything […]
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Posted in Legal, Education on Feb 10th, 2008
View pdf by clicking the above image or by clicking here…
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By: Kenneth D. Gartrell
Some people say the problem with America is that we have too many lawyers. It is an old idea, but not a very good one. A better way of thinking is to look at the constructive institutional development of the legal profession.
Recent trends indicate the entry of young […]
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Posted in Economics, Kenneth D. Gartrell on Feb 10th, 2008
By: Kenneth D. Gartrell
The first law of economics should be that on the margin, little things mean a lot. The good news is that the Dismal Science is growing in popularity and people are more receptive than ever to such powerful intuitions. It is in popular books at the books stores near us. Business and […]
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By: Kenneth D. Gartrell
I am not a lawyer. So, maybe a lawyer can explain to me how in our securities law under Section 10-(b) we can abide different standards of economic analysis to arrive at judgments about essentially the same thing. I was confronted with this paradox of proof for the first time when […]
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Posted in Kenneth D. Gartrell on Feb 8th, 2008
By: Kenneth D. Gartrell
Unless the laws of man can keep pace with the advance of science we will live in a stifling world where innovation and enterprise goes unrewarded. Such a world would be arbitrary and capricious. Worst of all, it would be without promise.
As I initiate this Weblog, I’ve got a simple […]
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