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Firm Boundaries Matter
| Peter Klein | Do firm boundaries — defined as ownership of the relevant capital goods — affect firm behavior and performance? Or is the firm best understood as a nexus of contracts, in which...
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Corporate Governance in the 19th Century
| Peter Klein | A new NBER paper on 19th-century manufacturing firms in Massachusetts finds that incorporation rates, ownership concentration, and and managerial ownership varied systematically with...
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Microeconomics of Central Banking
| Peter Klein | I have a chapter in a new book edited by David Howden and Joseph Salerno, The Fed at One Hundred: A Critical View on the Federal Reserve System (New York: Springer, 2014). My chapter is...
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The WINIR Greenwich Conference
| Dick Langlois | I write on the flight back from the inaugural conference of the World Interdisciplinary Network for Institutional Research (WINIR), which met on the Prime Meridian these last few...
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The Medieval Enlightenment in Economic Thought
| Dick Langlois | Attending academic presentations as a spectator – a pure consumer – can be great fun. On November 20, I drove up to Boston for one day of a wonderful conference, put together by the...
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Henry G. Manne (1928-2015)
| Peter Klein | Very sorry to report the passing of Henry Manne yesterday at the age of 86. Manne made seminal contributions to the literatures in corporate governance, securities regulation, higher...
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Congratulations to Henry Butler
| Peter Klein | Congratulations to Henry Butler for being named Dean of the George Mason University School of Law. Henry has been director of GMU’s Law and Economics Center, and previously directed the...
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Masahiko Aoki
| Dick Langlois | I was saddened to learn that Masa Aoki passed away on July 15. He was only 77. Masa was a towering figure in the economics of institutions and organizations, and a true...
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M is for Multidivisional Structure
| Dick Langlois | As a student of Alfred Chandler, I was excited to see Google’s conversion into Alphabet – which is essentially a multidivisional conglomerate. Chandler chronicled the development of...
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Baylor University PhD Program in Entrepreneurship
| Peter Klein | Much as I hate to use this blog for self-promotion, … Hahahahaha. OK, seriously. As many of you know I joined Baylor University this fall and will be heavily involved with Baylor’s new...
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