The proposed "pay" rules seek to prevent compensation structures for "covered persons" at "covered institutions" (large financial firms) from encouraging "excessive" and "inappropriate" risk-taking

This conference explored how technology and innovation have transformed the way consumers pay for purchases. It also looked at which reforms to current legislative and regulatory structures may be necessary to support continued payment innovation.

In this timely monograph, Paul L. Joskow argues that the crisis in the financial market should not become an excuse for reversing beneficial regulatory reforms in other sectors.

As controversy over for-profits heats up, a discussion of how to harness the potential of such providers, while erecting the incentives and accountability measures needed to ensure a level, dynamic, and performance-oriented playing field, is sorely lacking.

In his timely new monograph, Deregulation: Where Do We Go from Here? (AEI Press, October 2009), Paul L. Joskow, MIT economics professor and president of the Alfred P. Sloan Foundation, argues that the crisis in the financial market should not become an excuse for reversing beneficial regulatory reform initiatives in other sectors.

The housing finance system of the future needs to have countercyclical factors built into it and much bigger loan loss reserves in good times to avoid the illusory profits which feed booms and bubbles.

It will probably be years before we fully understand what drove the world's economies into recession. But we do know one thing: countries that were less free fared worse.

The observations and experiences of interviewees who have worked in both for-profit and not-for-profit higher education suggest that traditional colleges and universities will be badly mistaken if they assume that the travails of for-profits today mean that useful lessons cannot be drawn from their successes to date—and those likely to occur in the future.