Word: marketization
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Dates: during 1990-1999
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...also one of the most conservative. A leader of the law-and-economics school, Posner believes the market should be allowed to resolve many of society's thorniest problems. His dollars-and-cents approach has led him in some controversial directions. Posner famously suggested that the adoption system might be improved by allowing babies to be sold. And he has written that whether abortion should be banned can be evaluated by some mathematical formula in which V is the value of a fetus' life and N is the average number of abortions that would be performed without...
Posner's decidedly free-market views mean that he starts out as an antitrust skeptic. He's argued that regulation of monopolies is often a mistake, and that in many cases government intervention does more harm than good. But he has also shown an inclination to follow established law and has written approvingly of the AT&T breakup. His admirers say he won't approach this case with ideological preconceptions. "Labels are meaningless," insists University of Chicago Law School Dean Daniel Fischel. "He's completely unpredictable in his views...
...systems division, which makes Windows, into its own company. That would track the logic of Judge Jackson's findings of fact: that it's not illegal for Microsoft to have an operating-systems monopoly, but it is illegal to leverage the monopoly to gain an unfair advantage in other markets. Carving Windows out of Microsoft would probably be sufficiently dramatic to please the Justice Department. It might not thrill Microsoft, but it would be preferable to any remedy that required ongoing government supervision of its actions and products. And it's a solution that could find favor with Posner...
...January effect, January barometer and, finally, Super Bowl indicator--all of which are supposed to say something about where stocks are headed. As you might guess, much of the Yuletide lore is pure eggnog. But there's no denying that this season can be magical. The stock market's best months, hands down, are November through January...
...What I get here is just above minimum wage so I pursue other ways to make money," he said in Spanish. "I'm not studying the way I want. I want to work less and study more." To supplement his income he invests in the stock market. "I've been investing for the last twelve years. Right now I have Internet access and a broker." His current hot pick? AI solutions, a company that provides human resources. "Last year was very bad, because of the markets in Asia," he explained. "This year, I'm not sure. The governmentis threatening...