Money in Politics

The Berlusconi Voter, Taken Seriously: a Little Exercise in Historical Comprehension

The Berlusconi phenomenon in Italy both anticipated and exhibits features that epitomize the plight of Western politics.     This is the third installment of ProMarket’s new article...

The Big Picture: Clientelism, Plutocracy, and Democratization

Why is the electoral process not enough to rid nations of pathological political distortions such as cronyism and corruption?   This is the second installment of ProMarket’s...

Populist Plutocrats as a Political Phenomenon

How can a rich man successfully pose as a representative of the poor and the disenfranchised and become the leader of a populist movement?...

Stigler Center Event: Is Direct Democracy a Solution to Populism?

Can direct democracy be used to fix the crisis of representative democracy? Join us for a series of three stand-alone, interrelated lunch seminars by...

How Many Newt Gingrich's Are There in Washington? Much More Than You Might Think

As more and more lobbyists move to consulting and PR agencies, experts say the underworld of hidden lobbying is probably much bigger than what formal...

Watch: Richard Posner Says Congresspeople Are “Slaves to the Donors”

A clip of Judge Richard Posner of the U.S. Court of Appeals for the 7th Circuit in Chicago discussing the effects of the Supreme...

Stigler Center Lecture: Is American Democracy in Trouble?

David Moss, the Paul Whiton Cherington Professor at Harvard Business School, will examine the health of American democracy from a historical perspective. Fears about extreme...

Financial Trust Index: Americans are Angrier at the Current Economic Situation, Particularly Low-Income Whites

The latest update of the Chicago Booth/Kellogg School Financial Trust Index survey shows that anger at the current economic situation has been growing among...

A House Divided

On the eve of Donald Trump's inauguration as president, the latest update of the Chicago Booth/Kellogg School Financial Trust Index survey finds that Americans are sharply divided on...

Donald Trump’s Economic Policies: Pro-Business, Not Pro-Market

Trump is eliminating lobbyists by putting them in charge of all departments. After his election,1 it was...

Latest news

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....
  1. This post was originally published in Il Sole 24 Ore.[]