In a little-known 2006 World Bank report Where Is the Wealth of Nations? a team of economists provide a snapshot of wealth in 120 countries, and they find that governance is key. A full 46 percent of total wealth in high-income countries derives from the rule of law, the most important factor. This is an…
Read More »

Panelists David Friedman and Judge Alex Kozinski had a lively exchange in response to a question about the doctrine of jury nullification during the Q&A portion of our recent Independent Policy Forum, “Is U.S. Justice Broken? Overcoming Government Legal Failure“, based on our book, The Pursuit of Justice: Law and Economics of Legal Institutions,…
Read More »

The New York Times is running an article about U.S. District Judge Jack B. Weinstein and his plan to inform juries about certain statutory mandatory minimum sentencing requirements imposed by Congress. Weinstein believes that long sentences for simply possessing child porn are improper.  He is right that individuals possessing child porn face serious time….
Read More »