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John G. Matsusaka

John G. Matsusaka is the Charles F. Sexton Chair in American Enterprise at the University of Southern California (Marshall School of Business, Gould School of Law, and Department of Political Science), and author of Let the People Rule: How Direct Democracy Can Meet the Populist Challenge (2020).
Friedman 50 Years Later

A Challenge for Stakeholder Capitalism: Solving the Paradoxes of Voting

If corporations are to maximize shareholder welfare, managers need to discover what shareholders value; political theory shows how difficult this can be.
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Commentary

How to Get Police Reform Done? Use Direct Democracy

Instead of just imploring their representatives to fix things, Americans can use the tools of direct democracy to take charge and promote...
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Corporate Governance

Turning Corporations into Democracies

The problem with encouraging firms to maximize shareholder welfare is how to prevent managers and special interests from diverting corporate resources in the name of shareholder...
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Corporate Governance

Does Empowering Shareholders Also Empower Special Interests?

The merits of increasing shareholder power are less obvious than reforms that increase companies' exposure to pressure from activist shareholders, since increasing shareholder power tends to...
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Corporate Governance

Enhancing Competition? The Role of Governance in Increasing Exposure to Competition

Contemporary corporate governance reform has been a mixed bag: reforms that increase a company’s exposure to competition through the control market have been helpful,...
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Latest news

Antitrust and Competition

How the Rise of Labor Market Power Helps Explain the Fall of US Manufacturing Employment

James Traina, Ivan Kirov
A new working paper explores the increase in labor market power in the US and what’s driving it. It shows manufacturing workers...
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Economic History Series

How Manufacturing’s Lobby Won and Lost its Political Influence

Jennifer Delton
What happens when supporting capitalism hurts capitalists? Do business lobbies ever control the economy to the extent we think they do? The...
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Antitrust and Competition

How Apple Locks Out the Competition with Its Digital Key

Adam Levitin
Apple’s efforts to dominate the contactless payments market and lock up the “digital key” space pose a profound threat to consumer privacy...
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Antitrust and Competition

The Dawn of Antitrust and the Egalitarian Roots of the Sherman Act

Sanjukta Paul
While it isn’t particularly controversial that concentrated economic power was a legislative target of the Sherman Act, when read as a corollary...
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Economic History Series

The Varied Ideologies—and Practices—of Socialist Nations in the Developing World

Jeremy Friedman
In an excerpt from his new book Ripe for Revolution: Building Socialism in the Third World, Harvard Business School professor Jeremy Friedman...
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Corporate Governance

How Much Can We Trust Index Funds on Climate Change?

Roberto Tallarita
According to a theory that is gaining support among academics and practitioners, we should expect index fund managers to undertake the role...
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Antitrust and Competition

The Ties that Bind Workers to Firms: No-Poach Agreements, Noncompetes, and Other Ways Firms Create and Exercise Labor Market Power

Evan Starr
Collusive no-poach agreements are per se illegal, but noncompete clauses are not. Recent research casts doubt on the rationale for this legal...
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ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.

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