COMMENTARIES

Bethany McLean’s Weekend Reading List: Wirecard, Women in the Workplace, and Social Safety Nets

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean. 

Friedman’s Legacy: From Doctrine to Theorem

Friedman was more right than his detractors claim and more wrong than his supporters would like us to believe. However, after 50...

Friedman’s Principle, 50 Years Later

In the mid-1980s, Milton Friedman’s view that the only social responsibility of business is to increase its profits became dominant in business...

Should Whistleblower Reward Laws be Capped?

The SEC is expected to approve a proposed rule change that could limit the amount of awards paid to whistleblowers, despite evidence...

Emmanuel Farhi, Economist and Renaissance Man

Matteo Maggiori eulogizes Harvard economist Emmanuel Farhi, who passed away last month at the age of 41.

Bethany McLean’s Weekend Reading List: Big Tech, Hospital Bills, and the Lost “Covid Generation”

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean. 

How the European Commission Lost Its Tax Battle Against Ireland and Apple

Last month’s decision by Europe’s General Court to reject the European Commission’s attempt to recover €13 billion in back taxes from Apple...

Bethany McLean’s Weekend Reading List: The Covid Storm, the Greatest Debt Binge, and How Did the Internet Get So Bad?

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean. 

Special Interests Hide Behind Regulatory Myths

Three myths about federal regulation help prevent much of the public, and many experts, from realizing how many regulations serve to promote...

Bethany McLean’s Weekend Reading List: Eastman Kodak, Private Equity Hospitals, and America’s First Female Recession

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean. 

Latest news

President-Elect Joe Biden and the Real Lessons of DuPont

Simply talking corporate America into being more responsible is not enough. It may get corporations to talk the talk, but not to...

How Companies Spin Off Environmental Liabilities to Avoid Legal Obligations

Environmental externalities are vexing for corporate decision makers, but some companies have figured out a way to deal with them: a spinoff....

How Pfizer’s Vaccine Announcement Demonstrates the Political Power of Firms

By timing the disclosure of the results of its vaccine trial, Pfizer could have influenced the 2020 presidential election. This is worrisome...

The Useful Distraction of Section 230

How the red-herring of a politicized Section 230 and “conservative censorship” distracts from a bipartisan national privacy act.

Institution Man: How Corporations Came to Dominate the US Economy

In the first chapter of his book Transaction Man, Nicholas Lemann explores how Adolf Berle, author of The Modern Corporation and Private...

Kicking Around Section 230: Don’t Confuse Politics and Policymaking

Congressional hearings may make for good TV and viral social media posts, but reforming Section 230 would be more difficult than it...

Big Tech Platforms and Schumpeter’s Creative Destruction

Schumpeter’s indirect entry theory fits the average tendencies of competition in digital industries. When the model is added to standard assumptions and...