Law Roundtable

Law Roundtable

Exploring the region between Law and Economics.

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Ideas (David Friedman)

"I am an academic economist who teaches at a law school and has never taken a course for credit in either field.”


July 14, 2018, 3:26 pm, 1875997
A correspondent from Turkey informs me that he can no longer access my web site. I have no trouble accessing it from the U.S., so my guess is that it has been deliberately blocked by the Turkish authorities.
No idea why. I can't ...


May 20, 2018, 8:37 pm, 1859614
As I mentioned recently, I'm looking for a cover for my third novel. A number of artists are interested, which gets me thinking about what a cover should be.
From the standpoint of the author, the obvious answer is to show a scene from ...


May 16, 2018, 5:47 pm, 1858272
I am almost finished with Brothers, my third novel, and since I plan to self-publish I need a cover. My first novel was commercially published; the publisher (Baen) got a cover I liked done by a professional. For my second novel I used something I found ...


May 16, 2018, 1:06 pm, 1858099
There is an interesting article in the New York Times on the pattern of health expenditure and longevity in the U.S. The author's thesis is that both were about the same as in other developed countries until 1980 and that since then  expenditure has grown much faster ...


May 14, 2018, 2:07 am, 1856820
Having enjoyed my recent European trip and almost recovered from the jet lag, I am now thinking about another one. I have an invitation to speak in England sometime between October 1 and December 14th. England is a long way from California, so if I go I will ...


April 30, 2018, 8:07 pm, 1849078
There are two problems with using Bitcoin as a substitute for conventional currencies. One is that transaction costs are high; I gather there are some proposals to solve that. The other is that its value is very unstable. So far that has been a plus, ...


April 30, 2018, 8:07 pm, 1849077
A very long time, I had a colleague and friend who I concluded was only an economist in working hours. Having come across another example more recently, I thought it would be worth explaining the concept.
Suppose there is some issue on which economics ...


April 30, 2018, 8:07 pm, 1849076
I retired at the end of last year and have been cleaning out my office, which includes dealing with long runs of a variety of journals–AER, JPE, JLS, JEP, JLE, ...  . I hate to throw them out but I don't have much use for them at present ...


April 30, 2018, 8:07 pm, 1849075
I have discussed in several earlier posts my project for a collection of short literary works that contain interesting economic insights. The current version is up for comments, with several pieces added, several comments added or expanded. 
My guess is that it will ...


April 30, 2018, 8:07 pm, 1849074
I'm going to be speaking on "Market Failure: An Argument For and Against Government" at 11:15 A.M. on Saturday, February 3rd, at the Freedom Summit in Phoenix, Arizona.
In the past I have put up notices like this for speaking trips abroad. Would ...