Issue Archives

The scope of the President’s legal authority is determined in part by historical practice. This Essay aims to better understand how such practice-based law might operate as a constraint on the presidency. In part because of the limited availability of judicial review in this area, some commentators have suggested that presidential authority has become “unbounded” by law and is now governed only or primarily by politics. At the same...

The Immigration and Nationality Act contains a provision, commonly referred to as the “persecutor bar” or “persecution of others bar,” which prohibits granting asylum to an alien who, although otherwise meeting the criteria for asylum, is determined to have been a “persecutor” in her native country. Use of the persecutor bar by the Board of Immigration Appeals and circuit courts leads to situations of legal complexity because...

Equity ownership in the United States no longer reflects the dispersed share ownership of the canonical Berle-Means firm. Instead, weobserve the reconcentration of ownership in the hands of institutional investment intermediaries, which gives rise to “the agency costs of agency capitalism.” This ownership change has occurred because of (i) political decisions to privatize the provision of retirement savings and to require funding of such...