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Antitrust and Competition

How the FTC Protected the Market Power of Pharmacy Benefit Managers

Stacy Mitchell
Pharmacy Benefit Managers (PBMs) were established in the 1960s to control drug costs but have since morphed into one of the most highly concentrated...
Money in Politics

Recovering from Kleptocracy: A 10-Step Program

Larry Diamond
In his book Ill Winds: Saving Democracy from Russian Rage, Chinese Ambition, and American Complacency, Larry Diamond highlights 10 steps to close existing loopholes in the...
Antitrust and Competition

Market Power and Money in Politics

ProMarket writers
A Stigler Center webinar explores how businesses lobby and compete for political power and whether mergers and industry concentration affect lobbying.  Firms compete in markets,...
Money in Politics

Is Corporate Personhood to Blame for Money in Politics?

Elizabeth Pollman
Just because corporations are “legal persons” doesn’t mean that they should get all of the same rights as human persons. Yet over the past...
Money in Politics

How American Corporations Used Courts and the Constitution to Avoid Government Regulation

Adam Winkler
Since the early days of the Republic, corporations have turned the Constitution itself into a shield against unwanted regulation of the economy. So long...
Money in Politics

Systemic Corruption in America Spans Political Parties

Jana Kasperkevic
In an interview with ProMarket, Sarah Chayes, author of the book On Corruption in America, discussed corruption in the US and how incoming administration...
Antitrust and Competition

The Non-Revolving Door Between the SEC and the Plaintiffs’ Bar

Alexander I. Platt
Nowhere does the “revolving door” spin more quickly than at the Securities and Exchange Commission. But, even at the SEC, not all doors spin...
Antitrust and Competition

The Best Political Economy Books of 2020

Asher Schechter
A travelogue of monopoly, the dangers of elite impunity, and the relevance of John Maynard Keynes: here are (in no particular order) some of...
Antitrust and Competition

Little Law and No New Regulator: What’s Missing in the House Antitrust Report

Neil Chilson
The House Antitrust report spans 449 pages, 30 of which contain recommendations for antitrust reform. However, one of the most telling aspects of the...
Covid-19

Angus Deaton: “There’s Something Clearly Wrong With Our Corporate System, in Which Pharmaceutical Companies Are Allowed to Kill People for Money”

Asher Schechter
In an interview with ProMarket, Nobel Prize-winning economist Angus Deaton outlined what he believes the incoming Biden administration should do: introduce price controls and...
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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.