A federal grand jury in New York has indicted Martha Stewart on five criminal counts of securities fraud, conspiracy and making false statements to federal agents. At the same time, the Securities and Exchange Commission has also decided to file a civil case in a New York federal court against Martha Stewart and has accused her of illegal insider
[From The Quarterly Journal of Austrian Economics 21, no. 2 (Summer 2018). For the full issue, click here .] Few scholars disagree that Austrian economists and their fellow travelers have made significant contributions to law and economics. Anyone familiar with the works of Carl Menger, Friedrich Hayek, Ludwig von Mises, Murray Rothbard, and
I just read this morning that Samuel Waksal, former ImClone’s former CEO, has been sentenced to 87 months to prison for his “crime” of insider trading. I am wondering what kind of signal that sends to real criminals (murderers, thieves, rapists, etc.). Is it possible for a murderer, under the right conditions, to be less than 10 years. US
Research Handbook on Austrian Law and Economics Todd J. Zywicki and Peter J. Boettke, eds. Northampton, Mass.: Edward Elgar, 2017, 440 pp. Alexandre Padilla (padilale@msudenver.edu) is an Associate Professor of Economics at Metropolitan State University of Denver. Quarterly Journal of Austrian Economics 21, no. 2 (Summer 2018) full issue, click
Quarterly Journal of Austrian Economics 19, no. 3 (Fall 2016) ABSTRACT: We develop a simple mathematical version of Garrison’s model. The purpose to develop a mathematical framework is to (1) show how such representation can be used and (2) layout a path for future work that requires a more flexible version of Garrison’s treatment than the
Volume 5, No. 1 (Spring 2002) The insider trading debate traditionally discusses the pros and cons of insider trading and draws a conclusion about the desirability or undesirability of public regulation of insider trading. One of the most important arguments against insider trading is that it generates agency problems that shareholders
This paper investigates whether the government regulation of insider trading or insider trading laws can be effective. Volume 22, Number 1 (2011) Padilla, Alexandre. “Should the Government Regulate Insider Trading?” Journal of Libertarian Studies 22, No. 1 (2011):
Cachanosky, Nicolás, and Alexandre Padilla, “A Mathematical Version of Garrison’s Model,” Quarterly Journal of Austrian Economics 19, no. 3 (Fall 2016): 225–247. Quarterly Journal of Austrian Economics 19, no. 3 (Fall 2016) ABSTRACT: We develop a simple mathematical version of Garrison’s model. The purpose to develop a mathematical framework is
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.
