Yup. Some us don’t take kindly to an utterly uninformed person with a huge audience trashing our field.

One person who cannot be accused of being probusiness is Ralph Nader, the consumer advocate who has transformed America. While he never held public office, Nader is considered one of America's most influential people during the last 60 years.
#Capitalisnt chicagobooth.edu/review/capital…

First page of the intro by Massimiliano Vatiero (Scrooge ) and Hans-Bernd Schäfer to the special issue of History of Economic Ideas on the 50th anniversary of Posner's Economic Analysis of Law. 1/N

We are back, also updated!
Harvard Law School Università di Trento USI University

After some delay, the special issue of HEI - History of Economic Ideas dedicated to the 50th anniversary of R. Posner's Economic Analysis of Law is eventually online. You can find it here: libraweb.net/articoli.php?c…
The intro by the editors Scrooge & Bernd Shäfer is open access >>

Review by Giampaolo Conte in Journal of European Econ History:
'a groundbreaking, in-depth analysis ... Well-written and accessible even to broader readers, the book contributes actively to the ongoing debate about the rise of modern capitalism'
jeeh.it/articolo?urn=u…

The 5th Edition of the JHET Online Writing Workshop is having its second session (April 16). Register (it’s free of charge) and don’t miss this great opportunity: historyofeconomics.org/5th-jhet-onlin…
And spread the word around!
SHoET Economic thought Jimena Hurtado Beatrice Cherrier

The game theory reading list Bob Wilson set up in 1968 for Stanford students provides clue about the reason why the approach stalled until the turn of the 1970s:

'no treatment of uncertainty' (therefore, no business application)

Michael Jensen, who died the other day, was one of the 'unacknowledged legislators of mankind', a management guru who changed the way bosses are paid and businesses are run, bloomberg.com/opinion/articl… via Bloomberg Opinion

I just found out my paper, Cascading Expert Failure, has been shortlisted for the Elinor Ostrom Prize at the Journal of Institutional Economics!

cambridge.org/core/journals/…

'The central institution enabling the rise of modern political economy in England was finance: the ability to alienate the ownership of land and other property to serve as collateral for investment loans.

Geoffrey M Hodgson #FBPA 🔶's The Wealth of a Nation reviewed 👉 wp.me/p2MwSQ-hgh

Honored to report that my recent paper “Markets, Repugnance, and externalities” has been short listed for the 2024 Elinor Ostrom Prize

A review of my 'Wealth of a Nation'

blogs.lse.ac.uk/lsereviewofboo…

Elinor Ostrom Prize 2024
4 essays shortlisted from Journal of Institutional Economics 2023.
WINIR Cambridge University Press Group Ostrom Workshop

Michael Jensen died this week. His 1976 article with Meckling is the most cited corporate finance paper of all time - but also one of the most misunderstood and maligned. Here's what he actually wrote, and even stakeholder capitalists can learn from it. promarket.org/2021/05/09/sta…

This comment by Cliff Holderness on Brian Albrecht's newsletter is awesome. With an encomium like this from Fischer Black and Mike Jensen, the debate is pretty much over: Armen, FTW! (@tylercowen - maybe a revision is in order?!)

Michael Jensen, a leading late 20th-century economist, pivoted from praising public companies in the 1970s to assailing public company governance in the 1980s and 1990s. What prompted Jensen’s 180-degree turn?

By Brian R. Cheffins (Faculty of Law)

promarket.org/2024/04/03/mic…

His work (w/ Meckling) on decentralization/delegation is an early seminal contribution on the subject (that has greatly influenced my own thinking): shorturl.at/ptvMV

Etc. Etc. Etc.

Jensen never received the Nobel Prize in econ ....

His (widely misunderstood) 1976 paper 'Theory of the firm: Managerial behavior, agency costs and ownership structure' (shorturl.at/HLZ58) is one of the most heavily cited soc sci papers ever (130k+ cites; is there in fact a more cited journal article in soc sci?).

'On the origins, meaning and influence of Jensen and Meckling’s definition of the firm' by ⁦David Gindis⁩ academic.oup.com/oep/article/72…