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).

Serving Shareholders Doesn’t Mean Putting Profit Above All Else

The time has come for companies, economists, and society to abandon the argument that the only responsibility of business is to maximize profits. (Note: This...

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....

Greater Political Integration is Necessary for a Sustainable Euro

Read an excerpt from Luigi Zingales' 2014 book Europe or Not. On November 30, the Stigler Center hosted a panel discussion on the future of...

Who Is Responsible for a Declining Labor Share of Output? Michael Porter

Most researchers assume that the share of total output lost by labor went to the owners of capital. However, a new working paper shows that...

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Prison Labor Can Create Perverse Incentives for Incarceration and Reduce Trust in Legal Institutions

Government proponents of prison labor should be mindful of the potential for negative effects, including increased incarceration rates and citizens’ deteriorating views...

Bethany McLean’s Weekend Reading List: Robinhood, Quibi, and Corporate America’s Addiction to Debt

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

How Germany Managed to Outlaw Facebook’s Core Business Model

In a surprise ruling last month, the German Federal Court of Justice determined that Facebook must comply with an earlier decision by...

Tailoring Lockdowns for Developing Countries

The Covid-19 pandemic has decimated livelihoods in developing nations, and coronavirus-related deaths are rising in Africa and South Asia at an alarming...

Why Most Advertisers Can’t Afford to Boycott Facebook

While big brands can afford to pause their addiction to Facebook, most advertisers cannot participate, as they have become so dependent on...

Can Covid-19 Erode Young Individuals’ Trust in Politics for Decades to Come?

A new study shows that exposure to an epidemic during one's “impressionable years” (18-25) has a persistent negative effect on trust in...

The United States: An Exceptional Case? A Webinar With Stephen Haber, Richard R. John, and Luigi Zingales

Many see the US as a land where free markets and antitrust enforcement have historically kept monopolies under control. But is that...
  1. This post was originally published in Il Sole 24 Ore.[]