Money in Politics

Campaign Finance in the 2016 Election: With Federal Reform Unlikely, the Use of Super PACs has Become More “Brazen”

While it is still too early to draw any decisive conclusions regarding the role money played during this election cycle, some trends can already...

Finance and Healthcare Bound to Gain from Clinton’s Presidency

Hillary Clinton has promised to be tough on finance and pharmaceutical companies. So why do financial and healthcare stocks go up when the probability...

Wealthier Donors Prefer Hillary Clinton

Hillary Clinton’s donors are wealthier than Donald Trump’s, at least judging from the value of their homes. The median home price of Clinton’s supporters...

Academic Literature Shows: The Problems with Regulating Campaign Finance Are Deeper Than Mere Lack of Political Will

The experience of regulating campaign finance in the last four decades tells us that the "donor class" has found ways to turn wild once and...

In the 2016 Presidential Election, Only 0.4 Percent of Donations Were Made by Donors Who Donated to Multiple Candidates

In the 2016 election, Donald Trump received few donations from people who had donated to other candidates in the Republican primary; the opposite occurred...

Employees of Large Companies Favor Hillary Clinton

Clinton received overwhelming support from workers in the banking, tech, and mobile industries. 98 percent of the total amount raised by workers at financial institutions...

Donald Trump and the Political Economy of Real Estate Tax in the US: Q&A With Professor Edward Kleinbard

Edward Kleinbard from the University of Southern California explains how Donald Trump was potentially able to lose nearly a billion dollars of his investors’...

Donation Preferences: Republicans Outnumbered in Academia

Vast majority of faculty and staff members from universities support Hillary Clinton. Donald Trump's percentage of donations from faculty and staff is on average 0.5...

The Real Lesson From Brexit

A widespread mistrust of experts can lead to political decisions, like Brexit, that might have negative consequences for the very people who vote for them. How...

Donald Trump, Crony Capitalist

The sleep of reason produces monsters, at least according to Spanish painter Francisco Goya. What happens when the political reason is intoxicated by vested...

Latest news

Most Americans Consider Themselves Middle-Class. But Are They?

There are different ways of determining who should be considered middle-class. But there is one thing they have in common: all reveal...

Barriers to Entry as Another Source of Top Income Inequality

A new book, The Power of Creative Destruction, explores how lobbying contributes to the increase in the top 1 percent’s share of...

ProMarket Reader Survey: We Want Your Feedback

As ProMarket enters its sixth year of operation, we would like to understand what you, our readers, like about it and what...

What Stakeholder Capitalism Can Learn From Jensen and Meckling

Jensen and Meckling’s 1976 article is an academic classic, but heavily criticized by stakeholder capitalists for arguing that corporate structures should be...

How Twitter Weakened India’s Information Ecosystem

India’s Covid-19 crisis is a reminder that Indian democracy is also in a crisis, partly due to an information ecosystem where facts...

Eliminating Baseball’s Antitrust Exemption Won’t End the Georgia Political Boycott

There are good arguments for getting rid of baseball's long-standing exemption from antitrust laws, but the reason cited by Republican Senators angry...

Europe Lacks a Vision for How Apple’s App Store Fees Should Work

The European Commission believes that Apple is violating European competition laws and raising prices for consumers in how it operates its App...