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Culture & Society

Democracy

Rule of Law Backsliding May Not Hurt Trade—And Why That’s a Problem

Janka Deli
In new research, Janka Deli analyzes the relationship between the decline in the rule of law and trade. Contrary to democratic and developmental theory, she finds that declines in the rule of law, as seen in Hungary, Poland, and Czechia, do not lead to systematic reductions in trade with other EU partners.  
Culture & Society

Happiness Among Americans Plummeted During Covid. It Has Not Recovered Since

ProMarket writers
In new research, Sam Peltzman finds that Americans are significantly less happy than they were before Covid-19, even with the pandemic now in the rearview mirror. Those groups that had fared the best before Covid—white Americans, the wealthiest, college educated, and Republicans—were hit the hardest.
Democracy

How Bans on Corporate Political Donations Influence Campaign Platforms

Julia Cagé
Julia Cagé, Caroline Le Pennec, and Elisa Mougin discuss their recent research on France’s 1995 ban on corporate contributions to political campaigns. The ban pushed candidates to de-emphasize local politics in favor of national issues and, in many cases, adopt more extreme rhetoric.
Democracy

The Myth That Lobbying and Campaign Giving Are the Same

Alexander Furnas
In new research, Alexander Furnas, Timothy LaPira, and Clare Brock find that most politically active organizations engage in either campaign contributions or lobbying, but rarely both.The findings have implications for regulation and future academic research.
Cultural Economics

Mass Shootings Do Not Change How US Politicians Vote on Gun Policy

Jack Kappelman
In new research, Jack Kappelman and Haotian Chen investigate how mass violence impacts legislative voting on firearm-related bills. They conclude that on average, state...
Book Excerpts

Why the World Economic Order Is Spiraling Into Disorder

Eswar S. Prasad
The following is an excerpt from “The Doom Loop: Why the World Economic Order Is Spiraling into Disorder" by Eswar Prasad," now out at Hachette Book Group.
Democracy

When Governments Stop Publishing Notices in Newspapers, Does Anyone Notice?

Kimberlyn Munevar
In new research providing the first systematic evidence on public notices, Kimberlyn Munevar, Anya Nakhmurina, and Delphine Samuels examine how Florida's 2023 law allowing local governments to stop publishing public notices in newspapers has affected citizen engagement in local governance.
Commentary

Trump’s Attack on Capitalism

Luigi Zingales
The Trump administration’s blacklist of Anthropic represents its greatest attack on free markets yet. America’s businesses must push back, writes Luigi Zingales.
Cultural Economics

How Diversity Shapes Cooperation After Natural Disasters

Pablo Balán
In recent research, Pablo Balán, Agustín Vallejo, and Pablo M. Pinto examine how diversity affects cooperation between neighbors after a natural disaster. They find that more diverse neighborhoods were less likely to cooperate with each other on recovery efforts after Hurricane Harvey.
Antitrust and Competition

How To Link Competition Law With Democracy

Stavros Makris
In the second of two articles, Stavros Makris and Filip Lubinski discuss how governments can reimagine competition policy to protect democracy and citizen welfare without abandoning traditional consumer welfare goals like innovation.
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