Spot is the dog featured in an eponymous short story by Jack London. Spot’s owners desperately want to be rid of the dog. They tried shooting him. There is an attempt to kill Spot with an axe. They tie up Spot and leave town. Spot is set lose on a river ice floe. Spot always finds his way back.| Supply and Demand (in that order)
Mr. John P. Coale was one of the plaintiffs’ lawyers that initiated the first tobacco settlement agreements, which included a historic and ingenious scheme for individual states to levy the economic equivalent of national (sic) excise taxes. The scheme has been a topic in my excise-tax lectures for as long as I have been teaching them. Let’s not forget that Mr. Coale entered the fray when tobacco companies were thought to be invincible in the litigation arena.| Supply and Demand (in that order)
Just as at the time of Bretton Woods, international economic law is essential to discourage destructive national policies. But it is also vital to understand how law, regulations and institutions a…| Developing Economics