Oliver Hart

Oliver Hart is currently the Lewis P. and Linda L. Geyser University Professor at Harvard University, where he has taught since 1993. He is the 2016 co-recipient of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, a Fellow of the Econometric Society, the American Academy of Arts and Sciences, the British Academy, and the American Finance Association, a member of the National Academy of Sciences, a Distinguished Fellow of the American Economic Association, and has several honorary degrees.

Shareholders Don’t Always Want to Maximize Shareholder Value

Oliver Hart, winner of the 2016 Nobel Prize for economics, reflects on how the world has changed since Milton Friedman published his famous essay...

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. Editor’s note:...

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...

Latest news

“An Offer We Can’t Refuse”: How We Gave Away Our Data and Made Big Tech What It Is Today

WhatsApp’s new terms of service should come as no surprise. For years, Big Tech has been offering its users these “take it...

Paul Romer: “If You Think Moderation is Censorship, You’ve Got a Competition Problem”

During a Stigler Center keynote webinar, Nobel laureate Paul Romer discussed concentration problems in the US and possible solutions, including a “pigouvian”...

The “Next Frontier of Propaganda”: Micro-Influencers are Paid to Spread Political Messages, Disinformation

Online influencers aren’t in the business of promoting just products anymore. New research finds that micro-influencers are increasingly used to spread political...

Digital Markets Act: Policy Choices and Conditions for Success

Last month, the European Commission introduced an ambitious new set of rules for digital platforms, the Digital Markets Act. Here is what...

The Silent Coup

President Donald Trump's seditious actions are exposing the political power that Twitter, Amazon, Google, Apple, and Facebook enjoy. Banning him from their...

How Will the Digital Markets Act Regulate Big Tech?

While the recently introduced Digital Markets Act rules might change prior to final approval, there is a lot to consider already. What...

Covid-19 Aggravates Existing Income, Gender, and Race Inequalities, and Further Increases Political Divisions

Seventy percent of Americans know someone who tested positive; one in five know someone who died from coronavirus, survey shows.