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The 2024 Nobel Prize in Economics Goes To…..
The Nobel in Econ (a/k/a The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel) for 2024 was awarded a few days ago to Daron Acemoglu and Simon Johnson of MIT and to James Robinson of the University of Chicago. Here at Adam Smith, Esq., we try to... read more +“Adam Smith’s America,” Glory Liu: Book Review
Across my desk a couple of weeks ago came an advance copy of Glory Liu's Adam Smith's America: How a Scottish Philosopher Became an Icon of American Capitalism (Princeton University Press, Princeton & Oxford: 2022). The author, although a new name to me, is far...
The 2022 Nobel Prize in Economics
And the winner of the 2022 Nobel prize in economics is... Ben Bernanke! Or, as The New York Times reported somewhat more formally: The Nobel Memorial Prize in Economic Sciences was awarded on Monday to Ben S. Bernanke, the former Federal Reserve chair, and two other...
Your Comp Plan Motivates All the Right Behaviors (You Sure About That?)
We've worked with a lot of law firms over the years and an evergreen topic of discussion is their partner compensation plan--how it's structured overall, if it's aligned to the firm's strategy, and then all the devilish details to be worked out: where it fits on the...
A Sense of Place (It Matters After All)
Geography--a "sense of place"--is often taken for granted as the inevitable but fundamentally random by-product of historical happenstance, and almost never appreciated for the strategic dimension it provides--like it or not. Because it's seen as foreordained, law...
Law Firms Fail in the Oddest Way (All of Them)
Recently across my desk came a copy of a thoughtful and comprehensive article on why law firms collapse. Or rather, I should say, a pair of articles on that topic, both by John Morley, Yale law professor {his name was not familiar to me). The pair of articles consists...
