Relevant and even prescient commentary on news, politics and the economy.

Brands and generics pharmaceuticals…

The case is Federal Trade Commission v. Watson Pharmaceuticals et al, No. 12-416.   Via the New York Times comes this note: Last year, for the third time since 2003, the 11th Circuit upheld the agreements as long as the allegedly anticompetitive behavior that results — in this case, keeping the generic drug off the market […]

$295 Million Would Buy A Lot of T-Shirts

Ken Houghton notes that the first thing anyone learns from Pietra Rivoli’s The Travels of a T-Shirt in the Global Economy: An Economist Examines the Markets, Power, and Politics of World Trade is how pernicious the U.S. subsidy of its cotton industry is.* Now the WTO has discovered the obvious: American goods will face [$294.7] […]