By Reza Dibadj* on April 10, 2020
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The mass media is often justifiably criticized for conveying information with out-of-context “sound bites.”[1] Unfortunately, academic literature is not immune to this problem. In this short Essay, I take four iconic articles—each standing for a well-worn proposition—and make the rather simple argument that the articles themselves are far more nuanced than the sound bites for which they have become famous.
I address four articles: Ronald Coase’s The Problem of Social Cost,[2] Oliver Wendell Holmes’s The Path of the Law,[3] Warren and Brandeis’s The Right to Privacy,[4] and Jensen and Murphy’s CEO Incentives—It’s Not How Much You Pay, But How.[5] According to one well-known study, the first three are the most-cited law review articles of all time.[6] The fourth is a classic article on executive compensation—a topic of great social controversy at the moment—from the business literature.