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This article deals with the question of how a high level of compliance with consumer protection legislation designed to prevent financial losses can be secured. We use a theoretical framework based on economic analysis of law to address some of the key policy options, such as proactive and reactive monitoring, providing officials with postdetection enforcement discretion, administrative, civil, and criminal sanctions, and facilitating actions by victims and third parties. On the basis of our theoretical framework and a classification of jurisdictions into different groups (models of enforcement policy), we identify some key elements of an enforcement regime and indicate in what circumstances a particular solution can be expected to be more or less cost effective.

CapitalIsn't will be returning with a new co-host in September! In the meantime, as we develop the re-launch of our show, we'll be airing previously unreleased content and re-releasing some of our favorite episodes.

On our last episode, we aired pieces of an interview with Lisa Cook, a professor from Michigan State University. We actually had a much longer conversation about the lack of diversity in the economics field that we think deserves to be aired. So, we hope you enjoy listening, and we look forward to sharing the re-launched Capitalisn't with you in September!

This paper ranks the top thirty Ph.D.-awarding economics departments (out of a sample of over one hundred) by decade based upon both pages and numbers of articles published in five leading periodicals. These include the American Economic Review, Econometrica, Economic Journal, Journal of Political Economy, and the Quarterly Journal of Economics. Conclusions drawn are that several departments that have not ranked highly in recent publication studies performed strongly before 1950 and the home journal advantage of Chicago and Harvard has eroded over time. Also, only seven institutions appear in all nine publication lists.

This exciting new book from Geoffrey Hodgson is eagerly awaited by social scientists from many different backgrounds. This book charts the rise, fall and renewal of institutional economics in the critical, analytical and readable style that Hodgson's fans have come to know and love, and that a new generation of readers will surely come to appreciate.