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What does it mean to be a law & economics (L&E) scholar? It can’t require a Ph.D. in economics. Richard Posner doesn’t have one. He didn’t even major in economics as an undergraduate, preferring English—as did his Chicago colleagues Douglas Baird and Diane Wood. It can’t require a law degree, either, or Ronald Coase, William … ‘Contemporary Law and Economics,’ by Adam Chilton, Joshua C. Macey & Mila Versteeg
Artificial intelligence (AI) may be new to the insurance market, but uncertainty is an old customer. Insurers have spent centuries figuring out how to price unfamiliar risks, reward precautions, and avoid betting the whole portfolio on the same weak link. AI gives them new facts to assess, not a reason to discard that experience. In … Old Insurance Wisdom for New AI Risks
The Federal Communications Commission (FCC) licenses television stations. Does that make it Disney’s human resources department? The agency seems to think so, invoking a “public interest” mandate to investigate the company’s diversity policies—a mandate whose meaning seems to change with whoever holds power. Under the Communications Act of 1934, as amended, the FCC has initiated … The FCC’s Public Interest in Your Personnel Files
