Ray Fisman

Ray Fisman holds the Slater Family Chair in Behavioral Economics at Boston University. Previously, he was the Lambert family professor of Social Enterprise and co-director of the Social Enterprise Program at Columbia University’s business school. Professor Fisman’s research –focused on various aspects of political economy and behavioral economics – has been published in leading economics journals including the American Economic Review, Journal of Political Economy, and Quarterly Journal of Economics; this work has been widely covered in the popular press, in such outlets as the New York Times, Wall Street Journal, Financial Times, the Economist, and the Washington Post. His most recent book, Corruption: What Everyone Needs to Know (with political scientist Miriam Golden), was published by Oxford University Press in 2017.

“Comments for Sale”: Charitable Donations Can Lead Non-profits to Support Corporate Regulatory Agendas

A new paper shows how financial ties between companies and non-profits can subvert rulemaking process and lead to regulations that favor the...

When Taxpayers Subsidize Corporate Lobbying: How Firms Use Charitable Giving to Influence Politics

A new Stigler Center working paper examines a more roundabout way that companies can influence legislators: by donating money to charities in lawmakers’ districts....

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How the Rise of Labor Market Power Helps Explain the Fall of US Manufacturing Employment

A new working paper explores the increase in labor market power in the US and what’s driving it. It shows manufacturing workers...

How Manufacturing’s Lobby Won and Lost its Political Influence

What happens when supporting capitalism hurts capitalists? Do business lobbies ever control the economy to the extent we think they do? The...

How Apple Locks Out the Competition with Its Digital Key

Apple’s efforts to dominate the contactless payments market and lock up the “digital key” space pose a profound threat to consumer privacy...

The Dawn of Antitrust and the Egalitarian Roots of the Sherman Act

While it isn’t particularly controversial that concentrated economic power was a legislative target of the Sherman Act, when read as a corollary...

The Varied Ideologies—and Practices—of Socialist Nations in the Developing World

In an excerpt from his new book Ripe for Revolution: Building Socialism in the Third World, Harvard Business School professor Jeremy Friedman...

How Much Can We Trust Index Funds on Climate Change?

According to a theory that is gaining support among academics and practitioners, we should expect index fund managers to undertake the role...

The Ties that Bind Workers to Firms: No-Poach Agreements, Noncompetes, and Other Ways Firms Create and Exercise Labor Market Power

Collusive no-poach agreements are per se illegal, but noncompete clauses are not. Recent research casts doubt on the rationale for this legal...