Luigi Zingales

Luigi Zingales is the Robert C. Mc Cormack Distinguished Service Professor of Entrepreneurship and Finance at the University of Chicago - Booth School of Business. He is a Research Associate of the National Bureau of Economic Research, a Research Fellow of the Center for Economic Policy Research, and a Fellow of the European Corporate Governance Institute. His research interests span from corporate governance to financial development, from political economy to the economic effects of culture. He has published extensively in the major economics and financial journals. In 2003, Zingales received the Bernacer Prize for the best European young financial economist. In 2013 he has been named founding director of the Center for Economic Analysis of the PCAOB. In 2014 he served as President of the American Finance Association. He is co-author with Raghuram G. Rajan of “Saving Capitalism from the Capitalists” (2003) and author of “A Capitalism for the People: Recapturing the Lost Genius of American Prosperity” (2012). His latest book is “Europa o no” (2014).

Oliver Hart and the Poetry of Economic Theory

At this year's annual ASSA meeting, Stigler Center Director Luigi Zingales delivered a lecture honoring Oliver Hart, winner of the 2016 Nobel Prize for economics. Read...

Luigi Zingales: Why I Decided to Invite Steve Bannon to Speak at the University of Chicago

A statement from University of Chicago Booth School of Business Professor and Stigler Center Director Luigi Zingales. As a university our primary mission is to...

Who Is to Blame for the 2008 Financial Crisis?

The IGM Center at the University of Chicago has asked its American and European economist panel to rate the main causes of the financial...

Does Environmental Crime Pay?

A new Stigler Center working paper conducts a cost-benefit analysis of DuPont's emissions of a toxic chemical dubbed C8. The Trump administration has shown clear signs that it...

Populist Plutocrats as a Political Phenomenon

How can a rich man successfully pose as a representative of the poor and the disenfranchised and become the leader of a populist movement?...

A Small Step for Theory, a Leap Forward in Corporate Governance

Moving from shareholder value maximization to shareholder welfare maximization may be a small step in theory, but it could trigger a leap forward in...

Stigler Center Launches Case Study Series

On Thursday, the Stigler Center will launch the first in a series of business case studies that focus on the many ways special interest...

What Is the Role of Antitrust in a Free-Market Economy?

Opening remarks by Luigi Zingales to the Stigler Center conference: "Is There a Concentration Problem in America?" What is the role of antitrust in a...

Donald Trump’s Economic Policies: Pro-Business, Not Pro-Market

Trump is eliminating lobbyists by putting them in charge of all departments. After his election,1 it was...

Italy’s Referendum: You Call it Populism, I Call it Democracy

The “no” vote in Italy’s referendum was not unexpected, economically meaningful, or against globalization. In these regards, it was not like Brexit or Trump....

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Bethany McLean’s Weekend Reading List: Wirecard, Covid-Overwhelmed Hospitals, and Plastic

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean. 

“50 Years Later, It’s Time to Reassess”: Raghuram Rajan on Milton Friedman and Maximizing Shareholder Value

The biggest problem with shareholder value maximization is that it completely turns a tin ear to politics. The alternative is to maximize...

It Is Time to Move on From Friedman’s View of the Corporation

The anti-CSR position defended by Friedman would be acceptable only under conditions that have never been met by any real-world economy. Furthermore,...

Corporations Are Already Plenty Powerful. Stakeholder Capitalism Could Make Them More So

Encouraging corporations to further step into the role of governments and civil society groups by becoming more "socially focused" risks greater depreciation...

The Real Effects of Environmental Activist Investing

A new study examines the efficacy of climate-focused investor engagements initiated by the New York City Pension System. Its findings support the...

For Whom Corporate Leaders Bargained: What the Past Can Teach Us About the Questionable Promise of Implementing Stakeholder Capitalism Today

The debate about stakeholder capitalism should seek to learn from our experience with constituency statutes, which authorized corporate leaders to take into...

The Enduring Wisdom of Milton Friedman

Shareholder value maximization has been extremely successful globally in the way that matters most because, in many cases, maximizing shareholder value is...
  1. This post was originally published in Il Sole 24 Ore.[]