Anat Admati
Anat R. Admati is the George G.C. Parker Professor of Finance and Economics at Stanford University Graduate School of Business (GSB), a Director of the GSB Corporations and Society Initiative, and a senior fellow at Stanford Institute for Economic Policy Research. She is an economist with broad cross-disciplinary interests in the interactions between business, law and policy, and an advocate for better governance and accountability in the private sector and in government. She is also the author of The Bankers’ New Clothes: What’s Wrong with Banking and What to Do About It (Princeton University Press, 2013).
Friedman 50 Years Later
Milton Friedman and the Need for Justice
Milton Friedman predicated his shareholder value maximization credo on the strong implicit and explicit assumptions that the rules of society protect stakeholders...
Academic Capture
Political Economy, Blind Spots, and a Challenge to Academics
Anat Admati calls on economists and academics to engage with governance and political economy issues, scrutinize models before applying them to the real world,...
Latest news
News
Stigler’s Interest-Group Theory of Regulation: A Skeptical Note
As a rule, regulation is not acquired by “the industry,” and it is not designed and operated primarily for its benefit. The...
Antitrust and Competition
The Durable Impact of Stigler’s Theory of Economic Regulation
George Stigler’s “The Theory of Economic Regulation” was an early application of public choice reasoning to a practical problem—the work of regulatory...
News
Economic Regulation After George Stigler
George Stigler’s “The Theory of Economic Regulation” has left a lasting impact on the academic and real-world practice of regulatory policy. Fifty...
Coronavirus
Female Academics Are Disproportionately Affected By Covid-19 Disruptions In Childcare
A new paper finds that academics who are parents to young children, and especially mothers, have lost a significant amount of research...
Antitrust and Competition
Rethinking Competition: From Market Failures to Ecosystem Failures
Despite the overwhelming importance of digital platforms, and the chatter around their recent rise, our understanding of digital ecosystems is still limited....
Corporate Governance
A Famed Economist’s Public Company U-Turn
Michael Jensen, a leading late 20th century economist, pivoted from praising public companies in the 1970s to assailing public company governance in...
Antitrust and Competition
Chinese Antitrust 2.0: Why Is China Going After Its Big Tech?
In an interview with ProMarket, Angela Huyue Zhang, author of a new book Chinese Antitrust Exceptionalism, discusses the motivations behind the recent...
