Money in Politics

Populism and Time Inconsistency

This recent VoxEU.org column analyzes the recent ascendance of populists across the international stage through the lens of the concept of ‘time inconsistency’—that is, the...

"What’s Happening in the U.S. and in European Countries Is a Reaction Against the Political Class"

"Despite some specifics on the national level, I would say that all the populist regimes and leaders share common characteristics," says José Ugaz, the...

“There Are Good Grounds for Being Very Cynical About Western Elites”

Ahead of his visit to the Stigler Center on October 25, Edward Luce, Washington columnist for the Financial Times and author of The Retreat of...

Catalonia on the Brink: How Did We Get Here?

Catalans simply want to vote and exercise their right of self-determination, argues Jaume Ventura of CREI; if they do not stand up for their...

The Catalonian Labyrinth [Parts I & II]

The Catalonian problem required farsighted political leadership. We got the opposite, and now the patients are running the asylum, says Tano Santos of...

The Only Viable Option for Resisting Populist Plutocrats: “Put the Leader Aside – Address Their Supporters"

The only viable option for resisting populist plutocrats is “to put the leader aside and look at how you can address their supporters," says...

“In Just About Every Generation, Many People Thought the American Republic was on the Verge of Collapse”

The second installment of our two-part interview with Harvard Business School professor David Moss about his recent book Democracy: A Case Study. "One of the reasons...

How to Defeat Populist Plutocrats? “Build a Counter-Narrative”

Beppe Severgnini, one of the most influential journalists in Italy, talks to ProMarket about what the U.S. can learn from Italy on how to defeat...

Can “Productive Tensions” Save American Democracy Again?

This is the first installment of a two-part interview we had with David Moss about his recently published book Democracy: A Case Study, which contains...

Raghuram Rajan: Populist Nationalism Is “the First Step Toward Crony Capitalism”

The former governor of the Reserve Bank of India discussed the “concentrated and devastating” impact that technology and trade had on blue-collar communities, the anger...

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George Stigler on Henry Simons, “Crown Prince” of the Chicago School

To mark 75 years since the passing of Henry Simons, professor of Economics and Law at the University of Chicago, ProMarket is...

Electoral College Reform: New Problems or Real Solutions?

Each electoral system creates specific incentives to (mis)allocate government resources. Would putting the National Popular Vote (NPV) in lieu of the Electoral...

When Do Users Benefit From Platform Mergers?

A new paper shows that platform mergers can harness network effects at the cost of reducing the platform differentiation that users value. 

Harold Demsetz and Israel Kirzner Understood That Competition Regulates Markets

Economists Harold Demsetz and Israel Kirzner challenged the prevailing orthodoxy in microeconomic analysis and public policy beginning with their respective work in...

The Covid-19 Pandemic Should Not Delay Actions to Prevent Anticompetitive Consolidation in US Health Care Markets

Harvard Business School professor Leemore Dafny lays out potential reforms to assist agencies in halting anticompetitive acquisitions and practices, and to preserve...

Who Benefits From Competitive State-Level Legislatures?

A new paper finds that when interparty competition in state legislatures is high, well-connected and influential incumbent firms are best able to...

No More “Mystery Meat”: Why We Need Better Corporate Governance Data

Three decades of finance, economics, and legal studies in corporate governance have been built substantially on data sets with nearly unknown provenance....