Re: Car safety vs. Plane safety
Robert A. Book wrote: Here are some more factors to consider in evaluating the relative safety of planes vs. cars (maybe Saudi Arabia has the right idea?): Another reason to be very skeptical: Auto insurance discounts for women. 4000 actuaries can't be wrong! -- Prof. Bryan Caplan Department of Economics George Mason University http://www.bcaplan.com [EMAIL PROTECTED] Mr. Banks: Will you be good enough to explain all this?! Mary Poppins: First of all I would like to make one thing perfectly clear. Banks: Yes? Poppins: I never explain *anything*. *Mary Poppins*
Re: limited liability
In a message dated 12/17/02 2:30:29 PM, [EMAIL PROTECTED] writes: Fred Foldvary wrote: U.S. and State laws limit this liability, but in a pure market, the directors should be personally and fully liable for a corporation's debts, as would be the general partners of a partnership. In a pure market, shouldn't the directors be personally liable, or not, for a corporations debts, based on whatever terms they reach with the lenders involved? The directors of *small* corporations certainly find themselves in that position today. Without a personal guarrantee, from a primary stakeholder, that serves to turn a limited liability into a full liability, lenders are not very willing to make loans. Cheers, Michael Giesbrecht Internet Engineering Lucasfilm Ltd. But what about contingent creditors of the corporation--that is, what about potential future tort victims? How liability to them be negotiated in advance? David P.S. Any news on when Star Wars Episode III will release? :)
RE: limited liability
--- Michael Giesbrecht [EMAIL PROTECTED] wrote: In a pure market, shouldn't the directors be personally liable, or not, for a corporations debts, based on whatever terms they reach with the lenders involved? Yes, but there are also liabilities that can be incurred without contracts, such as if the corporation is sued for damages. Without a personal guarrantee, from a primary stakeholder, that serves to turn a limited liability into a full liability, lenders are not very willing to make loans. True, especially if there is not adequate collateral, implying that expected future earnings are not sufficient additional collateral. Fred Foldvary = [EMAIL PROTECTED]
Re: is japan faking it?
Eamonn Fingleton, Is Japan Faking It? The Australian Financial Review, Friday 22 November 2002 For a decade now, the Western consensus has been that Japan is an economic basket case. But this is a dramatic misreading of a perennially secretive society. ... So why has Japan's stock market not reflected this good news? Fred Foldvary = [EMAIL PROTECTED]
Re: Beat_on_the_Brat_-_The_economics_of_spanking._By_Steven_E. Landsburg
--- Alypius Skinner [EMAIL PROTECTED] wrote: The economics of spanking. By Steven E. Landsburg Does any reader have a better story? Clearly the wealthy have more punishment options and so do not need to rely on spanking as much. But that does not imply that there are no alternatives to spanking for the poor. Moreover, suppose the culture of a society was such that spanking were considered child abuse. There would be a lot less spanking among all income groups. So it does come down to culture, but given that spanking is culturally acceptible, then it follows that the economic incentives are for the poor to practice it more. The fact that the wealthy do spank less implies that culturally spanking is not highly though of as a way to punish, relatively. Fred Foldvary = [EMAIL PROTECTED]
