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August 2010

August 31, 2010

A few words on the marvelous corporation

It's to take for granted. But we shouldn't. UCLA law professor Stephen Bainbridge explains:

I tell my students about Nicholas Murray Butler, president of Columbia University and winner of the Nobel Peace Prize, who wrote that: “The limited liability corporation is the greatest single discovery of modern times. Even steam and electricity are less important than the limited liability company.”

I tell them about journalists John Micklethwait and Adrian Wooldridge,whose magnificent history, The Company, contends that the corporation is “thebasis of the prosperity of the West and the best hope for the future of the rest ofthe world.” [footnote omitted]

. . .

The corporation also has proven to be a powerful engine for focusing the efforts of individuals to maintain economic liberty. Because tyranny is far more likely to come from the public sector than the private, those who for selfish reasons strive to maintain both a democratic capitalist society and, of particular relevance to the present argument, a substantial sphere of economic liberty therein serve the public interest.

. . .

And so I put it to my students this way: You want to help make society a better place? You want to eliminate poverty? Become a corporate lawyer. Help businesses grow, so that they can create jobs and provide goods and services that make people’s lives better.

Best cities in the U.S. to find a job

According to Forbes.

According to The Daily Beast.

(Hint: go to a state capital or a college town. Who needs the private sector? Governments and higher ed, baby!)

35 years after Born to Run

Interesting story on the Boss's classic, including discussion of how Bruce threw the test pressings into a swimmng oool.

"How to Retire Comfortably for Under $1,500 a Month"

The trick is you have to live in Belize.

Just so you know . . .

. . . there are 129,864,880 books in the world.

According to Google.

August 30, 2010

"All Your $ Are Belong to Us"

Here are one instance in which a goverment took taxpayer money illegally and one instance in which (another) government got taxpayer money by mistake.

Apparently, in neither case do the governments involved have to give it back.

Three links on how Big Law is changing

Boston Globe, 8/6: "Law firms rethinking pay system: At many Hub offices, automatic raises are a thing of the past". 

Slate, 8/19: "Leaving Big Law Behind: The many frustrations that cause well-paid lawyers to hang out their own shingles".   

Glenn Reynolds, 2009: "Small is the New Biglaw: Some Thoughts on Technology, Economics, and the Practice of Law".

"A business school for DaVincis"

Short video about Johns Hopkins's new B-School. They say they're going to admit smaller classes than most leading schools.

Given who they purport to be looking for, that's probably a smart choice.

You think you have a bad boss?

You don't. Read the Tiger Oil Memos, 22 memos sent by the "firm's incredibly amusing, painfully tactless, and seemingly constantly angry CEO".

Link courtesy of Michael Greenspan.

Four science links

"20 New Ideas in Science". Including "There's no such thing as time". You sure coulda fooled me.

"Reverse-Engineering of Human Brain Likely by 2030, Expert Predicts".

"Fermi detects 'shocking' surprise from supernova's little cousin".

"Southern California is overdue for 'The Big One'".

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