Pay for Delay

I have been following the debate in the pages of Antitrust between two groups of distinguished economists about “pay for delay”, which is when a branded drug maker pays a generic drug maker to delay entry into the market.   The question is how much pay for delay do you need before you can conclude […]

Public Reason

Hughes notes at Paradise Lost : IV : 389: “public reason: reason of state, a perversion of the Ciceronian principle . . . that the good of the people is the supreme law . . . Henry Parker approved its use by Parliament and condemned the Royalists for too frequent appeals to it.” Milton writes: […]