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Google's resistance and corporate social responsibility
The government subpoenas Google’s records, and also Yahoo!’s and Microsoft’s. MSFT and YHOO cave: Their stocks are down a little over and a little under 2%, respectively. Google resists. Its stock...
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Dear Wal-Mart, Shareholders *own* the corporation.
Today’s WSJ had an article titled “Wal-Mart Apologizes to Groups That Were Focus of Surveillance,” which noted that Wal-Mart apologized for responding to large institutional shareholders as “threats.”Â...
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Clinton, Obama, and Wal-Mart
At his new and excellent blog Hodak Value, frequent TOTM commentor Marc Hodak offers the following in response to a post at the Daily Kos implying that Wal-Mart’s treatment of its workers should give...
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The only thing good about the movie, The Corporation
Frankly, I thought the movie, The Corporation, was unabashedly abysmal. It was a childish caricature, exhibiting no understanding by the filmmakers (or most of the interviewees) of the law,...
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An Online Experiment in Voluntary Pricing
I’ve previously discussed the voluntary pricing strategy taken by restaurants and cafes in a handful of states to offer food and drink for free and allow customers to decide whether and how much they...
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Radiohead revisited
I started writing this as a comment to Josh’s last post, but it got so long I figured I’d make a post out of it. Thanks for the inspiraiton, Josh. I really hope Radiohead releases the data on its...
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Corporate Governance Indices and Shareholder Value
Much discussion of corporate governance in the last few years has centered on reforms advocated by ISS and CII and indices of good corporate governance practice created and maintained by such groups. A...
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The Collected Works of Henry G. Manne
I’m delighted to report that the Liberty Fund has produced a three-volume collection of my dad’s oeuvre. Fred McChesney edits, Jon Macey writes a new biography and Henry Butler, Steve Bainbridge and...
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The Environmental Responsibility of Business? Make Profit!
That’s the punchline of a recent paper by Pierre Desrochers (U Toronto). Pierre has written some interesting papers on a range of topics related to economic development, technological innovation, and...
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Capitalism as a solution for poverty
SKS Microfinance, India’s largest microfinance lender, did a $354 million IPO Wednesday. This may encourage others to do likewise. The result would be much more money for very small loans. Sounds good,...
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When markets let corporations be good
In my article, Accountability and Responsibility in Corporate Governance, I explored the complex relationship between social responsibility and markets. I noted among other things that social...
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Hating Capitalism
One topic that has long interested me is the source of dislike or hatred of capitalism; my Southern Economics Journal article “Folk Economics” (ungated version) dealt in part with this topic. Today’s...
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Appropriate humility from Verizon over corporations’ role in stopping NSA...
Like most libertarians I’m concerned about government abuse of power. Certainly the secrecy and seeming reach of the NSA’s information gathering programs is worrying. But we can’t and shouldn’t pretend...
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The Internet Association’s vision for the future looks a lot like the past
Last week, the Internet Association (“IA”) — a trade group representing some of America’s most dynamic and fastest growing tech companies, including the likes of Google, Facebook, Amazon, and eBay —...
View ArticleCapitalism as a solution for poverty
SKS Microfinance, India’s largest microfinance lender, did a $354 million IPO Wednesday. This may encourage others to do likewise. The result would be much more money for very small loans. Sounds good,...
View ArticleClik here to view.
Buyback Backlash: Is the Ban Non-binding?
[TOTM: The following is part of a blog series by TOTM guests and authors on the law, economics, and policy of the ongoing COVID-19 pandemic. The entire series of posts is available here. This post is...
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