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Money in Politics

While the conventional debate usually revolves around the amount of campaign donations each candidate receives (how much), we spotlight also issues such as the concentration of donations (who donates), or more stealth forms of money in politics such as lobbying.

Money in Politics

Carl Schmitt and the Origins of Friedrich Hayek’s Thought on Rent-Seeking

Daniel Nientiedt
Friedrich Hayek viewed the subject of rent-seeking not from the usual welfare economics perspective, but from a constitutional economics perspective. In a new paper,...
Money in Politics

Defense Contracts Are Going to the Best Connected, Not Necessarily the Best

Şenay Ağca
In new research, Şenay Ağca and Deniz Igan use the shock of the September 11 attacks and declaration of war on Afghanistan to show...
ESG, Corporate Governance & Future of the Firm

Investing in Influence: Investors, Portfolio Firms, and Political Giving

Marianne Bertrand
A new paper examines the relationship between the rising concentration in institutional investors' ownership of publicly traded U.S. firms and portfolio companies' political giving....
Antitrust and Competition

Survey Highlights Backlash to Increasingly Political Corporate America

Brooke Fox
A recent poll shows that 71% of Americans view large companies negatively. The change has been driven by Republicans who dislike the rise of...
Commentary

Corporations Are Not “We the People”

Geoffrey R. Stone
The Citizens United ruling contradicts the Founders, decades of Supreme Court precedent and the will of the American people. There is nothing in the text...
Money in Politics

What Citizens United Did Not Predict and Why It’s Time To Reconsider

Matilde Bombardini
Citizens United v. FEC stands in the public eye as the U.S. Supreme Court case that flooded U.S. elections with “dark money” and SuperPACs....
Money in Politics

Companies’ Diversity Commitments Conflict with Political Donations

Katherine Giscombe
Many US businesses that promote their workplaces as supportive of traditionally marginalized groups have created diversity, equity and inclusion (DEI) programs for their employees....
Money in Politics

Healthcare Companies Spent More on Lobbying Than Any Other Industry Last Year

Brooke Fox
Threatened by regulated price caps from congress, the pharmaceutical industry spent nearly $390 million on lobbying in 2021 according to new data from OpenSecrets. Healthcare...
Money in Politics

Characteristics and Behavior of the Rising Class of Small Campaign Donors

Laurent Bouton
New research on US political donations under $200 reveals characteristics of these donors as well as their motivations. A  Q&A with the authors of...
ESG, Corporate Governance & Future of the Firm

How the US Partisan Divide Shapes Global Capital Flows

Elisabeth Kempf
A new empirical paper explores how partisan perception affects capital allocation beyond national borders, showing that the global investment practices of US institutional investors...
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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.