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Capture

Antitrust and Competition

Subsidies to Amazon Are Uneconomical, Un-American, and Unconstitutional

Luigi Zingales
Corporate subsidies are a negative-sum game. They foster crony capitalism, hurt productivity growth and inflict great harm on product market competition. As soon as Amazon announced...
Regulatory Capture

Ten Years After the Financial Crisis: “We Are Safer, But Not As Safe As We Should and Could Be”

Thom Wetzer
Experts from academia and industry gathered at the University of Oxford to revisit what went wrong in the run-up to the 2008 financial crisis,...
Antitrust and Competition

“In the Wake of the 2008 Crisis, You Can't Ignore the Influence of Big Business on Economic Policy”

Asher Schechter
Historian and author Adam Tooze talks to ProMarket about how the financial crisis “remade” American capitalism, why the US response to the crisis was...
Regulatory Capture

Implicit Government Involvement In The Puerto Rican Debt Crisis

Bob Chirinko
Why were Puerto Rico's economic and financial troubles not reflected in its bond yields prior to its 2016 default? A Stigler Center working paper...
Money in Politics

Is Liberal Democracy Doomed? A Q&A With Yascha Mounk

Asher Schechter
Mounk, author of the recent book The People vs. Democracy: Why Our Freedom Is in Danger & How to Save It, talks to ProMarket about...
Academic Capture

Pursuers of Truth or Peddlers of Influence?

David Rapach
Academic capture by donors threatens norms of independence and integrity at institutions of higher education, argue faculty members from Saint Louis University. Our university recently received the...
Regulatory Capture

Loose Policies Around Close Elections Highlight the Political Limits of Macroprudential Regulation

Karsten Müller
What can policymakers do to prevent future financial crises? An emerging consensus holds that so-called macroprudential regulation is key: policies that aim to mitigate...
Academic Capture

Why Every Good Economist Should Be Feminist

Luigi Zingales
As every good economist knows, markets work best when they are competitive. Therefore, every good economist should also be a feminist, defending a level...
Money in Politics

Does Ownership of Financial Assets Lead Voters to Support Republicans?

Wendy M. Rahn
Does owning financial assets lead voters to support Republicans? New research on the liberty bonds of World War I suggests the story may be...
Regulatory Capture

A Former Central Banker Tells Other Central Bankers: “Stay Away From Davos”

Asher Schechter
In an interview with ProMarket, former Bank of England deputy governor Sir Paul Tucker explains why the “unelected power” of central bankers threatens our...
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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.