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The following is an excerpt from Chris Hughes’ new book, “Marketcrafters: the 100-Year Struggle to Shape the American Economy,” now out at Simon & Schuster. You can listen to Hughes discuss his book with Bethany McLean and Luigi Zingales on a new Capitalisn't episode here.

In new research, Sarah Hinck and Jasper van den Boom argue that the European Union’s Digital Markets Act’s (DMA) whistleblower tool does not yet bring enough to the table to effectively incentivize potential informants to report on Big Tech violations.

Crypto assets and social media are changing how finance operates. Uncertainty around the future of AI is affecting financial markets. Claudia Biancotti argues that regulators must expand their range of expertise and pursue a multidisciplinary approach to protecting society against the potential negative spillovers from these developments.

In new research, Filippo Lancieri, Laura Edelson, and Stefan Bechtold explore how the political economy of artificial intelligence regulation is shaped by the strategic behavior of governments, technology companies, and other agents.

In a new report, Eric Rescorla and Alissa Cooper analyze how Google’s browser, Chrome, could operate successfully as an independent entity if the court presiding over Google Search orders its divestiture.

Meher Sethi argues that a little-noticed provision in the federal budget recently passed by the House will gut state laws protecting consumers from algorithmic price-fixing.

Caio Mario S. Pereira Neto reflects on the discussions at the Stigler Center’s 2025 Antitrust and Competition Conference and addresses the problems that confront Brazil’s courts as they navigate the tradeoffs between removing disinformation that threatens electoral integrity and observing constitutional protections for freedom of expression.

Fiona Scott Morton introduces her new book on how regulators and policymakers can promote competition and fairness in digital markets.

In recent weeks, a spate of mergers has been announced in telecommunications markets. The activity endangers Americans’ access to affordable and reliable internet services. Rather than continue to depend on private companies to provide essential internet services, cities should look to the many communities that have provided significantly lower-cost and higher-quality public internet connectivity, writes Sean Gonsalves. 

As India contemplates adopting its Digital Competition Bill, Amber Darr and Madhavi Singh examine lessons from the European Union’s and United Kingdom’s legislative forays into digital markets. They argue that India must rethink its reliance on formal long-form enforcement and invest in regulatory capacity if it hopes to deliver an ex ante regime for a fair and contestable digital economy.