There Is No Effective Fiduciary Duty to Maximize Profits

Corporate law in five minutes

New York Times Reporters Perpetuate Popular Corporate Governance Myths

An ECB QEsplainer

This is Euroland and nothing is simple in Euroland. But here goes for an explanation of QE, ECB style.

The Tax Loophole (Almost) Everyone Should Want to Close

Step-up in basis for capital gains explained

When M&A Actors Share Auditors, Targets Get The Short Straw

“Microfoundations” ain’t so microfounded

What’s really wrong with modern macroeconomics (or at least…

The Myth of the Special German Saver

The plight of the German saver is now a hardy perennial of financial news stories. As the ECB…

Why we need a speed limit for financial markets

New research suggests that electronic markets are already running far too fast for their own good

As almost everyone now knows, computer algorithms account for most of all trading in today’s financial markets. The trading…