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Steven M. Teles

Steven M. Teles is associate professor of political science at Johns Hopkins University and a senior fellow at the Niskanen Center. This piece is adapted from their upcoming book “The Captured Economy: How the Powerful Enrich Themselves, Slow Down Growth, and Increase Inequality”(Oxford University Press).
Income Inequality

Excessive Zoning Makes Us Poorer and More Unequal

Brink Lindsey
We normally think of income inequality as a function of differences in class or socioeconomic status. But much more than generally realized, geographic differences...
Rent seeking

How Regulation Subsidizes Big Finance

Brink Lindsey
If you want to understand how the US economy is producing big gains for those at the top and stagnation for everybody else, the...
Rent seeking

How Medical Licensing Drives Up Health Care Prices

Brink Lindsey
The role of licensing in driving up health care costs has been almost completely ignored. The apparent explanation is that nobody can imagine that...
Rent seeking

Intellectual Property Laws: Wolves in Sheep’s Clothing

Brink Lindsey
The excesses of IP law are now a serious obstacle to innovation and economic growth. In the rogues’ gallery of regulatory rent-seeking, copyright and patent...
Rent seeking

Worried About Concentration? Then Worry About Rent-Seeking

Brink Lindsey
Rent-seeking is a, if not the, mother of excess market power. The apparent increase in U.S. industrial concentration has raised growing concerns about weakening competition...

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