This article focuses on three information-related puzzles related to how large law firms recruit entry-level lawyers. First, firms hire on the basis of limited information, usually restricted to two semesters of grades. Second, firms do not rely primarily on laterals, who are already trained....

Amy Chua's World on Fire is a stimulating book that links the 1990s spread of democracy and market reforms with perceptions of increasing ethnic violence. Chua points out that many developing countries have "market-dominant" minority groups that wield disproportionate economic power. In the...