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On May 11, 1978, the Economics Department of the City College of the City University of New York held its sixth annual conference. Seven papers, each with a comment, were delivered and are published in this volume. This publication has been made possible by income from the Henry Schwager Fund. Gerald Sirkin The City College of the City University of New York. 5 Contents Prefu~ 5 Introduction 9 1. California Law and its Economic Effects on Southern California by David L. Shapiro 14 No~ ~ Comments on "California Law and its Economic Effects on Southern California' by Harold M. Hochman 58 2. ERISA & The Prudent Man Rule: Avoiding P- verse Results by Roger D. Blair 62 Notes 80 Comments on "ERISA and the Prudent Man Rule: Avoiding Perverse Results" by Lewis Kornhauser 85 3. Fee Shifting: An Institutional Change to Decrease the Benefits from Free Riding by Gordon L.
On May 11, 1978, the Economics Department of the City College of the City University of New York held its sixth annual conference. Seven papers, each with a comment, were delivered and are published in this volume. This publication has been made possible by income from the Henry Schwager Fund. Gerald Sirkin The City College of the City University of New York. 5 Contents Prefu~ 5 Introduction 9 1. California Law and its Economic Effects on Southern California by David L. Shapiro 14 No~ ~ Comments on "California Law and its Economic Effects on Southern California' by Harold M. Hochman 58 2. ERISA & The Prudent Man Rule: Avoiding P- verse Results by Roger D. Blair 62 Notes 80 Comments on "ERISA and the Prudent Man Rule: Avoiding Perverse Results" by Lewis Kornhauser 85 3. Fee Shifting: An Institutional Change to Decrease the Benefits from Free Riding by Gordon L.
In a recent paper on "The Many as One", Lewis A. Kornhauser and Lawrence G. Sager look at an important issue in political theory? How far should groups in public life try to speak with one voice, and act with one mind? How far should public groups - in particular, politically authoritative groups like the judiciary and the legislature - try to display what Ronald Dworkin calls integrity? While we agree with many of the points they make about this issue, we do not think that they do justice to the challenge they identify. Our comments fall into three sections. We address, first, the nature of the integrity challenge; second, the range of cases in which the challenge arises; and third, the question of whether public groups should try to satisfy it. While starting from our differences with Kornhauser and Sager, the main aim of the paper is to advance the discussion of these topics, generating a more general perspective than they provide.
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Few other economists have been read and cited as often as R.H. Coase has been, even though, as he admits, "most economists have a different way of looking at economic problems and do not share my conception of the nature of our subject." Coase's particular interest has been that part of economic theory that deals with firms, industries, and markets—what is known as price theory or microeconomics. He has always urged his fellow economists to examine the foundations on which their theory exists, and this volume collects some of his classic articles probing those very foundations. "The Nature of the Firm" (1937) introduced the then-revolutionary concept of transaction costs into economic theo...
High courts around the world hold a revered place in the legal hierarchy. These courts are the presumed impartial final arbiters as individuals, institutions, and nations resolve their legal differences. But they also buttress and mitigate the influence of other political actors, protect minority rights, and set directions for policy. The comparative empirical analysis offered in this volume highlights important differences between constitutional courts but also clarifies the unity of procedure, process, and practice in the world’s highest judicial institutions. High Courts in Global Perspective pulls back the curtain on the interlocutors of court systems internationally. This book creates...