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Steven K. Vogel

Steven K. Vogel is Chair of the Political Economy Program, Il Han New Professor of Asian Studies, and Professor of Political Science at the University of California Berkeley, and the author of Marketcraft: How Governments Make Markets Work.
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The Texas Power Failure: How One Market Model Discovered Its Natural Limits

Eve Vogel
Relying on marginal market prices to provide the incentives for the production and delivery of electricity means that all of the biophysical things enrolled...
Antitrust and Competition

Government Regulation is the Pro-Market Solution

Steven K. Vogel
The Covid-19 pandemic has utterly discredited the false dichotomy of government vs. markets. Extensive government regulation is a prerequisite for the proper functioning of...
Regulatory Capture

Rethinking Stigler’s Theory of Regulation: Regulatory Capture or Deregulatory Capture?

Steven K. Vogel
Much government regulation does not fit the logic of Stigler’s theory of anti-competitive regulatory capture. In a new book, Steven Vogel of Berkeley argues...

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The publication of the Stigler Center at The University of Chicago Booth School of Business

ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.