The Securities Litigation Expert Blog

A.O. Hirschman Dead at 97

Posted by Jack Duval

Dec 24, 2012 3:07:29 AM

The New York Times has an obituary on economist A.O. Hirschman. (NYT)  Hirschman's Exit, Voice, and Loyalty was a classic that I read in graduate school.  The book dwelled at the intersection of politics and economics.

Hirschman's work is an anachronism now, a relic of an age when economists still asked big questions and answered them with words instead of numbers.

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Topics: economics, A.O. Hirschman, New York Times, economists, education

Law Firm Economics

Posted by Jack Duval

Oct 15, 2012 3:23:23 AM

Bloomberg Law has a fantastic interview with Bruce Macewen of Adam Smith, Esq. that should be required watching for every law firms managing partner. Macewen discusses what he calls "suicide pricing", or pricing work at cost, just to meet overhead.

The problems are structural, as the cost structure of most law firms is not in alignment with the realities of the legal services landscape.

 

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Topics: economics, Data Analysis, law firms, Adam Smith Esq., Bruce Macewen, Law Firm Analytics

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