By: Kenneth D. Gartrell
Does the Federal Reserve Board birddog for the Congress? Does it help create big problems for the esteemed members of Congress to solve in pursuit of their passion to garner name recognition and political capital? What are the unintended consequences of these actions and what are the implications for the future.
Since at […]
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By: Kenneth D. Gartrell
Never mind what the Fed says ….it is already here in relative terms – likely to arrive this summer in real terms.
Recent news reports raise the spectre of stagflation: an abstract economic concept that arose near the end of the last oil crisis in the mid-1970s. It is supposed […]
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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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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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