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Academic Capture

Academic Capture

Data-Driven Ideology: The Problem With Economists' Takeover of Policymaking

Stefano Feltri
According to New York Times journalist Binyamin Appelbaum's recent book The Economists' Hour, economics is not the unbiased science that it pretends to be, but...
Academic Capture

The Epstein Report: How a Convicted Criminal Could Use MIT to Whitewash His Reputation

Stefano Feltri
The only reason why a pedophile's donations did not violate any MIT policy is that MIT does not have any policy to prevent embarrassing...
Academic Capture

Corporations and the Rise of the Chicago Law and Economics Movement

Robert Van Horn
From its birth in 1946 onward, corporations made possible and crucially supported the rise of the Chicago law and economics movement. Aaron Director,...
Academic Capture

Purdue Circumvented the Regulator to Promote OxyContin, Hiding Its Real Risk of Addiction

David Egilman, Gregory Collins, Julie Falender, Naomi Shembo, Ciara Keegan, Sunil Tohan
In 2001, the Food and Drug Administration required Purdue to change OxyContin’s patient package inserts to make addiction risks more evident. The company altered...
Academic Capture

“The Question Is Whether We Live in a Democracy or a Corporate State”

Asher Schechter
In an interview with ProMarket, Goliath author Matt Stoller discusses the political choices that led to the downfall of the American antimonopoly movement and the “addiction to...
Academic Capture

The Best Political Economy Books of 2019

Asher Schechter
A history of American antimonopoly, the case against Big Tech, and how Europe got better than the US at free markets: here are (in no...
Academic Capture

OxyContin's Academic Marketing: The Studies That Fueled the Opioid Crisis

David Egilman, Gregory Collins, Julie Falender, Naomi Shembo, Ciara Keegan, Sunil Tohan
Purdue Pharmaceuticals used to cite three major studies to argue that in prescribing OxyContin, addiction-risk was not significant. The most influential of those studies...
Academic Capture

Western Multinationals Can Improve Workers' Safety, If They Want to: The Case of Bangladesh

Stefano Feltri
In 2013, one of the largest factories in Bangladesh collapsed, killing 1,134 workers. Many multinationals committed to improving safety standards. A new study shows...
Academic Capture

Uber’s “Academic Research” Program: How to Use Famous Economists to Spread Corporate Narratives

Hubert Horan
Uber's employees co-authored academic papers with brand name scholars that were then used to back the company's PR and lobbying strategy. Published in respected...
Academic Capture

The Uber Bubble: Why Is a Company That Lost $20 Billion Claimed to Be Successful?

Hubert Horan
In the first of three interrelated articles, transportation consultant Hubert Horan discusses Uber's "uncompetitive economics." There is no real innovation in the company's business...
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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.