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19 Feb 2010, 12:52 pm by David Friedman
A rational speculator might spend a million dollars acquiring information about future price movements whose social value is zero—his whole profit is coming at the expense of whomever would have held the goods when their price went up if he hadn't bought them first.The point is illustrated by a famous law case, Laidlaw v. [read post]
11 Dec 2009, 8:07 am
There was nothing they could do to convince people otherwise. [read post]
27 May 2014, 3:33 am
They succeeded in doing just that, and are no doubt working up the figures as you read this post.Harris is clearly a bad guy, and a very good illustration of the reality of piracy. [read post]
14 Jan 2022, 12:44 pm by Stephen Griffin
 In a subsequent post, I hope to say something about the strategy people of good will in both parties should employ to avoid the worst in the next presidential election. [read post]
27 Mar 2025, 6:30 am by Guest Blogger
Probably there are more courageous people in Arnold's firm than in the other. .... [read post]
4 Nov 2014, 11:44 pm
 (V) Solicitation to commit murder as defined in Section 653f. [read post]
28 Mar 2011, 2:08 am by Fernando M. Pinguelo
This is precisely what happened in Gallagher v. [read post]