U.S. oil prices fell to a six-year low on Aug. 11, 2015, and one person not surprised would be the late Smith School economist Julian L. Simon. "There is no compelling reason to believe that world oil prices will rise in the coming decades," he wrote in 1984 when most experts predicted overpopulation and depletion of the earth's natural resources. Six of Simon's former colleagues and children share their
Software firm Adobe announced this week it will expand its family paid-leave benefits -- including up to six months for birth mothers. This follows Netflix announcing up to 12 months of leave for employees who are new parents. The trend has emerged despite the lack of mandatory parental leave laws in the United States. Smith School professor Peter Morici discusses the pros and cons of the hands-off approach with
The University of Maryland’s Robert H. Smith School of Business is happy to welcome nine new faculty members for the 2015-2016 academic year.
The Obama administration is taking aim at a job killer that doesn't get a lot of attention: Excessive occupational licensing. Not the sexiest topic, granted, but livelihoods are made or dashed by it — and it's an area where the president is finding common ground with conservatives. Smith School professor Siva Viswanathan challenges the notion that licensing is even the best way to protect consumers from incompetent
Berkshire Hathaway’s $32.6 billion buyout of Precision Castparts Corp. represents the Warren Buffett conglomerate’s largest-ever takeover. But it also “exemplifies Buffett’s determination to find cheap and out-of-favor companies with a history of strong earnings and high barriers to competition,” reports the Omaha World-Herald, paraphrasing Smith School professor David Kass.