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).

Subsidies to Amazon Are Uneconomical, Un-American, and Unconstitutional

Corporate subsidies are a negative-sum game. They foster crony capitalism, hurt productivity growth and inflict great harm on product market competition. As soon as Amazon announced...

Does Uber Kill? The Real Cost of Ride-sharing

A new Stigler Center working paper finds that ride-sharing actually increases the number of new car registrations and fatal accidents. Two years ago, the Stigler...

Why Every Good Economist Should Be Feminist

As every good economist knows, markets work best when they are competitive. Therefore, every good economist should also be a feminist, defending a level...

Paul Tucker on Unelected Power: A Technocrat against Technocracy

In a recent review of Paul Tucker’s new book Unelected Power (extracted here for ProMarket), Diane Coyle of the University of Manchester and the...

Why the T-Mobile–Sprint Merger Will Likely Lead to Higher Prices and Lower Quality

The rise in prices of mobile services risks imposing a higher tax on most households, higher than any possible tax rebate they might receive.  The...

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?...

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George Stigler on Henry Simons, “Crown Prince” of the Chicago School

To mark 75 years since the passing of Henry Simons, professor of Economics and Law at the University of Chicago, ProMarket is...

Electoral College Reform: New Problems or Real Solutions?

Each electoral system creates specific incentives to (mis)allocate government resources. Would putting the National Popular Vote (NPV) in lieu of the Electoral...

When Do Users Benefit From Platform Mergers?

A new paper shows that platform mergers can harness network effects at the cost of reducing the platform differentiation that users value. 

Harold Demsetz and Israel Kirzner Understood That Competition Regulates Markets

Economists Harold Demsetz and Israel Kirzner challenged the prevailing orthodoxy in microeconomic analysis and public policy beginning with their respective work in...

The Covid-19 Pandemic Should Not Delay Actions to Prevent Anticompetitive Consolidation in US Health Care Markets

Harvard Business School professor Leemore Dafny lays out potential reforms to assist agencies in halting anticompetitive acquisitions and practices, and to preserve...

Who Benefits From Competitive State-Level Legislatures?

A new paper finds that when interparty competition in state legislatures is high, well-connected and influential incumbent firms are best able to...

No More “Mystery Meat”: Why We Need Better Corporate Governance Data

Three decades of finance, economics, and legal studies in corporate governance have been built substantially on data sets with nearly unknown provenance....