My friend, law-school classmate, and long-ago co-author Adam Pritchard – now Professor of Law at the University of Michigan – explains in the new issue of Regulation why London’s once-impressive promise in competing against New York to again become the financial center of the world is fading. (Adam also highlights some ill unintended consequences of Sarbanes-Oxley.)
You can find Adam’s excellent article here, in pdf form, for downloading.
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Don,
You have a law degree as well as an econ degree?
Don,
You have a law degree as well as an econ degree?
Yep. UVA, ’92.
Wow! I don’t know whether to be even MORE impressed, or to now hate you passionately…
Be impressed that he avoided the usual temptations of becoming a rent-seeking politician/lobbyist, an loathsome ambulance chaser, or a lying flamboyant criminal defense attorney.
Hold on a second. It’s defense attorneys that keep the government, judges, and prosecutors semi-honest. I can’t think of any specialty in law that has, as a percentage, so many real heroes.
That’s about as far as I want to defend lawyering outside of the civil arena. I think you should take your statement back
Yeah, and instead became a rent-seeking economic professor, wow.
Actually, given my assumptions about the relative financial compensations one can achieve as an attorney vs an economist (even a Chairman), this is likely strong evidence of just how much Don likes economics.
Wow! I don’t know whether to be even MORE impressed, or to now hate you passionately…
Yep. UVA, ’92.
In my view … it is impossible to understand this crisis without reference to the global imbalances in trade and capital flows that began in the latter half of the 1990s. –Ben S. Bernanke
In my view….it is impossible to understand the depths of socialist stupidity until one has been exposed to the writing of George Balella, the duck. –vidyohs
Bah humbug, Sheetwise!
Defense attorneys are thick as thieves with plaintiff attorneys, they know that if there are no lawsuits to defend they are out of a job. They are all brothers under the skin and to them the lawsuit jungle is just a game in which both get paid. (handsomely in most cases)
I said –“That’s about as far as I want to defend lawyering outside of the civil arena.“I accept your argument — inside the civil arena.