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Regulatory Capture

What Glue Holds Communist Capitalism Together in China? Cronyism

Samantha Eyler-Driscoll
With a few cronyist tweaks, China’s communist leaders made capitalism safe for Party rule. But will cronyism become China’s next booming export? The Chinese economy...
Money in Politics

When Taxpayers Subsidize Corporate Lobbying: How Firms Use Charitable Giving to Influence Politics

Matilde Bombardini
A new Stigler Center working paper examines a more roundabout way that companies can influence legislators: by donating money to charities in lawmakers’ districts....
Regulatory Capture

What Insights Do Taxi Rides Offer into Federal Reserve Leakage?

David Andrew Finer
Does investment-relevant information leak from the Fed? A new Stigler Center working paper finds surprising and novel evidence in a public dataset.     One of the...
Money in Politics

What Prompts Young People to Invest in Their Human Capital? New Data on DACA and Dreamers Offers Some Stark Evidence

Na'ama Shenhav
The Deferred Action for Childhood Arrivals program—a deportation deferral initiative for immigrants brought to the United States without documents as children—provided a large shock...
Regulatory Capture

Guns and Votes: The Victory of an Intense Minority Against an Apathetic Majority

Paola Conconi
This column on the "gun-control paradox"—the fact that gun regulations continually fail in the US Congress despite being supported by around 90 percent of...
Money in Politics

Contrary to Popular Opinion, There Is No Populist Upsurge in Britain

Luke March
Taken how often we use the term, we need to be more accurate in who/what we call populist, writes University of Edinburgh professor Luke March. In...
Money in Politics

Is Economic Insecurity Behind the Specter of Populism?

Elias Papaioannou
A new study examines the role of the 2007–9 global financial crisis and its metastasis in Europe on voting and political beliefs, showing that crisis-driven economic...
Regulatory Capture

The Other World Bank Scandal: A New Study Documents How Corporate Collusion Hurts the Bank’s Credibility—and Harms Sustainable Development

Samantha Eyler-Driscoll
While the World Bank scrambles to contain the Doing Business rankings firestorm, a new paper by Rabia Malik and Randall Stone traces a more...
Regulatory Capture

Have Business Schools Lost Their Way? Duff McDonald Talks HBS and the Moral Failure of the MBA Elite

Asher Schechter
Harvard Business School is the largest business school in the world, but is it fulfilling its founding mission of educating businesspeople who "handle their...
Regulatory Capture

George Stigler and How Freshwater Economics Won the Day

ProMarket writers
Colleagues and protégés reminisce about the late George Stigler and his impact on the development of economic thought. Since they first rose to mainstream prominence in the...
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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.