Prof. Bainbridge pushes back against an Obama administration boon for shareholder activism, and detects “a political payoff by the Democrats in Congress and at the SEC for their buddies at union and state and local government pension funds.” More: comment letter to SEC (PDF) from John Endean of American Business Conference; Larry Ribstein.
Chronicling the high cost of our legal system
Cato Institute
Individual liberty, free markets, and peace: the world's premier libertarian think tank. Publishes Cato at Liberty, where I blog on contemporary policy issues.
Schools for Misrule
Get your copy today! My new book tackles the question of why so many bad ideas come from the law schools. "Cutting-edge commentary, hard-hitting, witty, astute." -- Publisher's Weekly. "Excellent... A fine dissection of these strangely powerful institutions" -- Wall Street Journal.