Featured Article
Milton Friedman: “Inflation is always and everywhere a monetary phenomenon”
This is another installment in our series of profiles of leading economists from Capitalism and its Critics. Milton Friedman was born in Brooklyn in 1912 and died in San Francisco in 2006 at age 94. He is known as the primary apostle of monetarism, which is the... read more +RIP Stroock (1876–2023)
Irish BIshop George Berkeley (1685--1753) famously asked, "if a tree falls in the forest and no one is present to hear it, would there be a sound?" His notion is neither as cutesy nor as vexed as it might strike you, but a snappy and memorable encapsulation in...
The Economics of Superstars
“Ripped from the headlines,” as the cliche-inclined might say, we have this from The American Lawyer in the past week or so: Elite Firms Revisit Comp Formulas as Star Talent Has 'Extraordinary Leverage' Some highlights: According to Kent Zimmerman over at...
Genesis of “Adam Smith, Esq.” as Our Firm’s Name
Over this past summer, a client, who has become a friend, asked us what the “back story” is behind the name of our firm. (Presumably he found the name ingenious or bizarre or some combination thereof.) Be that as it may, after we explained the origin he said he...
Non-equities: Your Problem Tier?
The following article is by Janet Stanton, Partner, Adam Smith, Esq. LLC. Quite simply, our reason for exploring the non-equity tier is that (a) there has been explosive growth in that cohort and (b) we’ve not seen recent, comprehensive examination of this phenomenon....
“Private Equity!” Sure, But What’s Wrong With “Private Credit?”
While you were out--staring at the window for the 39th time wondering how private equity seems to have taken over the world, perchance?--relatively few have noticed, until the odd recent headline here and there, about the seemingly sudden arrival on the FinWorld scene...