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19 Jul 2023, 6:31 am
Attacks by activists seeking short-term stock appreciation have surged to new record levels, bolstered by support from academics who continue to espouse the shareholder primacy arguments of Milton Friedman. [read post]
16 Jul 2023, 9:05 pm
Rule of law and purpose of the corporation. [read post]
17 Jun 2023, 7:16 pm
.); and in politics (Ronald Reagan, Margaret Thatcher, Deng Xiao Ping; Helmut Kohl; Milton Friedman). [read post]
30 May 2023, 2:30 am
The white collar lawyer is neither priest nor confessor, yet — at least for individuals, rather than corporate defendants — counsel sometimes find themselves in a position uncomfortably close to those clerical officers. [read post]
8 May 2023, 9:30 pm
This post, by Karen Tani (University of Pennsylvania), is the third in a series of posts in which legal historians reflect on Outside In: The Oral History of Guido Calabresi (Oxford University Press), by Norman I. [read post]
19 Apr 2023, 12:10 pm
As academics began to think more broadly about the purpose of a corporation in the middle of the 20th century, the predominant view was that of Milton Friedman of the University of Chicago, who strongly espoused the view that the sole purpose of a corporation was to maximize its profits and its value. [read post]
12 Apr 2023, 9:30 pm
This calculus is further complicated by the fact that there is no single public interest either within or beyond the corporation. [read post]
4 Apr 2023, 6:30 am
Related research from the Program on Corporate Governance includes Corporate Political Speech: Who Decides? [read post]
4 Apr 2023, 6:30 am
Related research from the Program on Corporate Governance includes Corporate Political Speech: Who Decides? [read post]
15 Mar 2023, 9:00 pm
The right’s culture warriors, however, are willing to assert that that mega-corporation “hates you” because it kinda/sorta seemed to say something that anti-gay-rights and anti-women’s rights people would prefer not to hear.And this is hardly the only example of the right’s attempt to relabel everything that they hate as “woke. [read post]
7 Mar 2023, 2:00 am
Christopher Slobogin is the Milton Underwood Professor of Law at Vanderbilt University [read post]
3 Mar 2023, 1:50 pm
Businesses, we have been told forever, know how to do things better than government (which should not "pick winners and losers"), so politicians should leave the private sector to its own devices.I have pointed out in a few places lately (most recently three days ago) that the new generation of conservative extremists is willing to punish private corporations simply for opposing Republicans' policies through corporate speech. [read post]
23 Feb 2023, 3:30 am
Key Findings Although most states forgo local income taxes, they are a significant source of local tax revenue in six states and at least a modest source of revenue in 10 others. [read post]
13 Feb 2023, 9:01 pm
An acolyte of Milton Friedman and other conservative scholars, Ramaswamy insists that the only purpose of business is money-making and that other corporate activity is conceptually ultra vires and wasteful. [read post]
8 Feb 2023, 5:01 am
Is it, as Nobel Economics laureate Milton Friedman famously claimed, "to increase its profits"? [read post]
30 Jan 2023, 7:50 pm
Is It Equitable to Protect Corporate Leaders From Covid-19 More than Employees and Customers? [read post]
17 Jan 2023, 10:00 am
In the U.S., Milton Handler perhaps provides another useful guidepost. [read post]
19 Dec 2022, 3:29 am
Profit maximisation theory – the idea that achievement of profits for shareholders ought to be the sole purpose of business – was vociferously defended by international economist Milton Friedman who, writing in 1970, resisted the trend at the time towards what is now known in the management and ethics field as “corporate social responsibility” (Friedman, 1970). [read post]
21 Oct 2022, 6:30 am
In the 1870s, “substantive” due process was invented by conflating antebellum police power cases involving municipal corporations, negative commerce clause jurisprudence, and Contracts Clause cases, none of which even remotely stood for the proposition that there were judicially enforceable unwritten limits on state legislative power. [read post]
10 Oct 2022, 5:00 am
Thinkers like Friedrich Hayek, Milton Friedman, Lionel Robbins, James Buchanan and, arguably, the more libertarian Ludwig von Mises and Bruno Leoni would fall into this group. [read post]
