Just Plain Interesting
2012: Year in Review
We’ve never done a year-end review, and don’t count this (The “First Annual” if you wish) a precedent, but I thought it worthwhile to build one of the final columns of 2012 around what law firm leaders are saying. So without further ado, as the sportscasters say, “Let’s go to the videotape” (primary sources for
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Calling All Lapsed Lawyers
Lapsed lawyers are one of our favorite groups, because they tend to be so diverse in their backgrounds, motivations (for lapsing) and current post-law situations. And we finally have an opportunity to find out more about you all. Please follow this link to take a (really short) survey we developed with our friends at Above the
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2012 Economics Nobel
On Monday the 2012 Nobel Memorial Prize in Economic Science was awarded to Lloyd Shapley and Al Roth, for their work on market design and matching theory, which relate to how individuals and firms find and select one another in areas from school choice to jobs to organ donations to marriage itself. Dr. Shapley, 89,
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Your (Not Quite) Private Panel of Economic Experts
Ever wish you could commission a quick poll of economic experts to opine on issues of current interest? Well, you can’t, but we have the next best thing: The University of Chicago’s Booth School of Business’s Initiative on Global Markets forum. What is the “IGM?” It’s a newly launched online panel that poses serious questions
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Two Books
Today we’re talking about books. Specifically, Robert Frank’s The Darwin Economy and David Rose’s The Moral Foundation of Economic Behavior. I believe the first–far better known–is a failure and the second–while too drily academic to gain a wide popular audience–is a success. Frank is a widely published and well-know economics professor at Cornell’s Johnson Graduate
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The 2011 Nobel Prize in Economics
The annual award of the Nobel Prize in Economics (technically, since it’s not one of the original Nobel’s, the “Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel”) is always an occasion for a toast here at Adam Smith, Esq., even if a particular year’s winner is someone we disagree with. This year,
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Scary Chart
Here’s a depressing chart, courtesy of the enthralling and overwhelming All Things Data site Calculated Risk. This shows the percent of job losses relative to the peak employment month for every post-WWII US recession (there have been 11). You can see that: In one recession (1980) jobs recovered fully within a year. In six others
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Lexicographers’ Time-Out
Slate is covering the announcement by Merriam-Webster of the top ten words of the year for 2010: Say what you will about its appeal (or lack thereof) as fiscal policy, but the Top Word of 2010, according to Merriam-Webster, is austerity. The distinction is based on its popularity on the dictionary’s Web site, and runners-up
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The 2010 Nobel Prize in Economics
The 2010 Nobel Memorial Prize in Economic Science was awarded today to Prof. Peter Diamond of MIT, Prof. Dale Mortensen of Northwestern, and Prof. Christopher Pissarides of the London School of Economics, for their work on–in the broadest sense–markets where buyers and sellers face obstacles in finding each other. In economic jargon, this is known
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Nobel Prize in Economics/2008
Not every day do we get a new Nobel Prize winner in Economics, not to mention one whose name, Paul Krugman, might actually be familiar to more Americans than the few of us who are poor closet economists. Krugman is of course not only a Princeton professor (we pause to take pride here in the
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