Roger Myerson’s Paean to Plutocracy

by William K. Black, New Economic Perspectives Introduction This article begins a project to critique the work by economists concerning regulation that has led to the award of Nobel prizes. The prize in economics in honor of Alfred Nobel is unique. It is not part of the formal Nobel Prize system. It was created by …

The Great Debate©: Will Dodd-Frank be Effective?

Written by Elliott Morss, Bradley G. Lewis and William K. Black Editor’s note: The question of whether the 2010 Dodd-Frank Act will be effective in reducing systemic risk in the financial sector was brought into new focus by a a featured article written by Gabriel Sherman last month in New York magazine.  Sherman discussed ways …