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Milton Friedman: “Inflation is always and everywhere a monetary phenomenon”

by Bruce | May 27, 2026 | Articles, Cultural Considerations, Finance, Leadership, Strategy

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...

The Luddites: Crying “Stop” in the Face of Progress

by Bruce | April 30, 2026 | Articles, Business Models, Cultural Considerations, Finance, Leadership, Strategy

This is another installment in our series of profiles of leading economists from Capitalism and its Critics.  It’s our first profiling not a champion of capitalist progress but a stout opponent. Cassidy opens this, Chapter 3 of his work (“The Logic of the Luddites”)...

Bruce Interviewed About Agentic AI

by Bruce | April 22, 2026 | About the Site, Articles, Compensation, Cultural Considerations, Leadership, Partnership Structures, Strategy, Technology strategy

Being published live today are links to video recordings of my recent interview with Sidebar Advisors’ Founder and Managing Director, Niraj Chhabra.  Copious thanks to Niraj and his team for making this possible. Spotify Apple Buzzsprout We covered a lot of...

Succession planning; how resilient is your firm?

by Janet Stanton | April 19, 2026 | Business Models, Cultural Considerations, Leadership, Strategy

The following column is by Janet Stanton, Partner, Adam Smith, Esq. Ten years ago, the topic of succession planning was viewed like kryptonite; the mere mention caused folks’ hair to burst into flame.  Fortunately, those days are (mostly) over.  Many firms are...

Thorstein Veblen: The Man Behind Conspicuous Consumption

by Bruce | April 13, 2026 | Articles, Cultural Considerations, Leadership, Profiles of Individuals, Strategy

May I welcome you to the first of a few Adam Smith, Esq. portraits of notable economists?  My source for all in this series is the redoubtable Capitalism and its Critics: A History: From the Industrial Revolution to AI (John Cassidy, Farrar, Strauss and Giroux: New...

Janet on Bloomberg Law re the Non-Equity Tier

by Bruce | November 6, 2025 | About the Site, Branding, Compensation, Cultural Considerations, Leadership, Partnership Structures

Recently Janet was invited to participate in a Bloomberg Law podcast on the topic of Ropes & Gray remaining a single-tier partnership despite the industry’s overwhelming movement towards the two-tier (equity and non-equity) partnership model.  Her fellow...
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