In September 1998, the Judicial Conference of the United States abandoned its latest attempt to regulate the timing of interviews and offers in the law clerk selection process. This paper surveys the further unraveling of the market since then, makes comparisons with other entry level...

Two recent failures of the U.S. intelligence system have led to the creation of high-level investigative commissions. The failure to prevent the terrorist attacks of 9/11 prompted the creation of the National Commission on Terrorist Attacks Upon the United States (2004), or 9/11 Commission.The...

The world-wide and ongoing rise in obesity has generated enormous popular interest and policy concern in developing countries, where it is rapidly becoming the major public health problem facing such nations. As a consequence, there has been a rapidly growing field of economic analysis of the...

Several theories have been advanced to explain the observed pattern of government regulation of the economy. These include the "public interest" theory and several versions, proposed either by political scientists or by economists, of the "interest group" or "capture" theory. This article...

Efficient legal rules are central to efficient resource allocation in a market economy. But the question whether the common law actually converges to efficiency in commercial areas has remained empirically untested. We create a data set of 461 state court appellate decisions involving the...

It is no longer a secret that a lawyer arguing a case before the Supreme Court is more likely to lose if he is asked more questions than his opponent during oral arguments. This paper rigorously tests that hypothesis and the related hypothesis that a lawyer is more likely to lose if he is asked...

The noted jurist argues that during times of economic downturns, the aversion to uncertainty of consumers and business people rises. This is a notion embedded, he argues, in the thinking of both John Maynard Keynes and Frank Knight. One conclusion is that government stimulus is necessary in such...