An insider’s perspective on the bureaucratic structure of governmental institutions that shape economic policy, and the incentives and limitations of the individuals who head them.

The establishment of new accounting rules for expensing options would likely do more harm than good.

Requiring companies to expense options in the absence of any satisfactory method to evaluate their costs would be inconsistent with the principles and objectives of accounting.

This book is a valuable asset for anyone seeking to make sense of economic news or, more importantly, to place it in a broader context.

What is the relationship between democratic government and a capitalist economic system?

The author examines the structure of the corporate charter market, the impact of takeover regulation and federal securities law, and the spreading of criminalization of corporate duties.

The Clinton administration has claimed its proposal to increase the minimum wage would not affect employment; other research supports that a higher minimum wage means fewer jobs.

I believe that the financial crisis had a single major cause: the accumulation of an unprecedented number of weak mortgages in the U.S. financial system.

Two achievements--up the poor and animating civil society--are powerful moral claims for business corporations but schemes for corporate governance jeopardize these achievements.

This monograph is a critical and constructive response to the Basel Committee on Bank Supervision for reforming international bank capital standards.