Is the American Legal Profession a Guild?

This is one in our occasional series of excerpts from my yet-to-be-published new book, treating, among other things, the historic roots of our profession tracing back to medieval guilds. I hope you enjoy, and, more importantly, that you provide any feedback,... 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...

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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...

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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...

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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...

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