Prateek Raj studies socioeconomics of business and economic history. He is a final year PhD student in Strategy and Entrepreneurship at University College London. He is also a Research Associate at the Stigler Center for the Study of the Economy and the State at University of Chicago Booth School of Business since 2016. Additionally, he is visiting Kellogg School of Management and Center for Economic History at Northwestern University since 2015. Prateek was born and brought up in Bihar and Jharkhand, states in eastern part of India. He graduated from IIT Delhi in 2010, and provided consulting to clients in metals and mining sector. He also taught as a Guest Teacher at London School of Economics until 2015.
Should the U.S. enforce more explicit restrictions on monopolies, or can innovation and democracy alone mitigate the pervasive effects of monopoly power? A panel of historians and economists at the recent Stigler Center conference on concentration in America discussed the historical evolution of this debate.
Read more
Narratives that alter beliefs and change norms or guiding principles may indeed have real and lasting effects.
Read more
Close-knit networks, like guilds and taxi associations, are helpful in enhancing trust and reliability. Yet they can also become exclusive and rent-seeking.
Read more
Narratives are vectors of ideas. Nobel laureate Robert Shiller suggests that in the age of social information networks, economists need to rethink how and why information really spreads.
Read more