The financial crisis of 2008 was caused in part by speculative investment in complex derivatives. In enacting the Dodd-Frank Act, Congress sought to address the problem of speculative investment, but merely transferred that authority to various agencies, which have not yet found a solution. We...

The Gulf Cooperation Council (GCC) countries accept massive numbers of migrants from poor countries and pay wages that dramatically improve over outside options but are meagre by the standards of natives. As such they do dramatically more per capita to reduce global inequality than do the...

A theory of customary international law Jack L. Goldsmith and Eric A. Posner -- A compliance-based theory of international law Andrew T. Guzman -- Do human rights treaties make a difference? Oona A. Hathaway -- Treaty reservations and the economics of Article 21(1) of the Vienna Convention...

Countries have entered several hundred bilateral labor agreements (BLAs), which control the conditions under which source countries send migrant workers to host countries. What has not been fully explained, or empirically tested, is why countries would sign these agreements. We conduct a...