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Economic History

The current debate in economics seems to lack a historical perspective. To try to address this deficiency, we decided to launch a Sunday column on ProMarket focusing on the historical dimension of economic ideas.

Antitrust and Competition

Why the Mid-20th Century Was Not the Golden Age of Antirust

Brian Cheffins
The New Brandeisian version of American history presumes that there was a mid-20th century golden age of antitrust that was displaced by a misguided...
Economic History

The Fall of American Manufacturing and the Rise of Health Care

Gabriel Winant
In an excerpt from his new book The Next Shift, University of Chicago historian Gabriel Winant explores how deindustrialization and the decline of the...
Economic History

The Chicago Planning Program and the Interdisciplinary Tradition of the Chicago School

Daniel Kuehn
The Chicago Planning Program, an interdisciplinary program that operated at the University of Chicago between 1947 and 1956, is an often-neglected part of the...
Antitrust and Competition

Lessons from the Past? How Ordoliberal Competition Theory Can Address Market Power in the Digital Age

Isabel Oakes
Some of the lessons uncovered by ordoliberal thinkers during the interwar period in Germany could help us tackle the current challenges posed by the...
Economic History

The Unintended Economist: How Thorstein Veblen Pivoted From Philosophy to Economics

Charles Camic
In an excerpt from his book Veblen: The Making of an Economist Who Unmade Economics, Charles Camic explores the connection between Thorstein Veblen’s economic...
Economic History

The Invention of Economic Growth: The Forgotten Origins of Gross Domestic Product in American Institutionalist Economics

Onur Özgöde
Contemporary critiques of GDP’s role in policymaking see it as an ideological abstraction, emblematic of neoliberalism, that misrepresents “real” economic conditions. What these critiques...
Economic History

Plagues Upon the Earth: How Wealth Intersects With Mortality

Kyle Harper
Kyle Harper’s new book, Plagues Upon the Earth: Disease and the Course of Human History, shows that the story of disease is entangled with...
Economic History

Buchanan’s Samaritan’s Dilemma

Alain Marciano
The Samaritan’s dilemma is not only about the detrimental effects help can have on the beneficiaries. As James Buchanan explained in his 1975 essay,...
Economic History

Looks Can Be Deceiving: Ronald Coase and the Chicago School

Steven Medema
Ronald Coase is typically thought of as one of the Chicago School’s brightest lights. But Coase’s relationship with Chicago was always an uneasy one,...
Economic History

The Complicated Legacy of the “Chicago Boys” in Chile

Daniel Matamala
How did a group of Chicago-trained economists manage to turn Chile into the cradle of neoliberalism? As the country aims to move away from...
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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.