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Elizabeth Warren’s Corporate Illogic

by Richard A. Epsteinvia The Wall Street Journal
Tuesday, September 11, 2018

American corporate law provides that boards of directors are chosen solely by shareholders, to whom the directors owe an exclusive fiduciary duty to maximize shareholder value. That simple proposition has generated benefits not only for shareholders but also for workers, suppliers, customers, bondholders and communities.

In the News

Devin Nunes Claims Russia Is Financing Environmentalism

quoting Bruce Thorntonvia E&E News
Tuesday, September 11, 2018

On the podcast, Nunes and co-host Ray Appleton, a local conservative radio host, joked with their guest, Bruce Thornton of the Hoover Institution, about green groups. 

In the News

The Role Networks Play In Eroding Hierarchical Power: What Do The Invention Of The Printing Press, Silicon Valley And Trump Have In Common?

mentioning Niall Fergusonvia ESADE
Wednesday, September 12, 2018

With Niall Ferguson, one of today's most renowned and prestigious British historians and author of The Square and the Tower. Networks, Hierarchies and the Struggle for Global Power (Penguin Random House), an essay exploring the interaction between hierarchical institutions (States, typically) and horizontal structures (social networks) throughout history.


Raghuram Rajan Says Developed Markets Will Crack If Emerging Markets Slow Down

interview with Raghuram Rajanvia CNBC
Tuesday, September 11, 2018

Hoover Institution fellow Raghuram Rajan says that monetary policy cannot be the answer to all the problems, adding that developed markets will crack if emerging markets slowdown.


Is Chaos An Impeachable Offense?

by Victor Davis Hansonvia National Review
Tuesday, September 11, 2018

Until 2017, there were certain political assumptions that most people no longer really believed but also preferred not to question — given the likely animus from the so-called bipartisan establishment, a naked entity which, by convention, we all agreed was splendidly clothed.

Economic GrowthFeatured

How To Improve California’s Poorly Performing Education System? Reforming Antiquated Teacher Compensation Practices Will Have A Big Effect

by Lee Ohanianvia California on Your Mind
Tuesday, September 11, 2018

In a market economy, employee compensation inevitably depends on employee performance and productivity. But there is one incredibly important occupation in which compensation depends very little on performance—public school teaching. 

In the News

Stanford Prof. Michael McConnell On The Kavanaugh Nomination

quoting Michael McConnellvia Reason
Monday, September 10, 2018

The opposition to Kavanaugh is actually not about him, but about the man who nominated him, Donald Trump. Democratic senators — especially those running for president or for re-election in liberal states — want to show their political base that they are part of the resistance to everything Trump stands for.

In the News

Quote Of The Day: Ridiculous Ideas

quoting Thomas Sowellvia Ricochet
Monday, September 10, 2018

Virtually no idea is too ridiculous to be accepted, even by very intelligent and highly educated people, if it provides a way for them to feel special and important. Some confuse that feeling with idealism. – Thomas Sowell

In the News

Rupee Not To Go In For Free Fall: Former RBI Governor Raghuram Rajan

featuring Raghuram Rajanvia Economic Times (India)
Monday, September 10, 2018

Former Reserve Bank Governor Raghuram Rajan Monday hoped that the rupee will not go in for a free fall as the central bank is appropriately raising interest rate to control inflation.

Analysis and Commentary

Heroic Joshua Childress

by David R. Hendersonvia EconLog
Monday, September 10, 2018

And what it shows us about the many ways to a belief in liberty. Reason, on its Hit and Run site, posted an excellent 8-minute interview with Joshua Childress, who resigned as a Border Patrol agent because he no longer believed in the mission.