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Commentary

An outlet for insiders to speak freely (as they remain anonymous to the reader) on what they perceive as problematic practices in their own industry – with an emphasis on how the industry tweaks the rules of the game and captures regulation.
“People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. It is impossible indeed to prevent such meetings, by any law which either could be executed, or would be consistent with liberty and justice.” Adam Smith – An Inquiry into the Nature and Causes of the Wealth of Nations (1776)

Antitrust and Competition

The House’s Recent Spate of Antitrust Bills Would Change Big Tech as We Know It

Randy Picker
If enacted, the five bills that were introduced in the House this month would represent the most dramatic statutory changes to US antitrust law...
Antitrust and Competition

Congress’ Antitrust War On China and American Consumers

Herbert Hovenkamp
The latest bills currently debated in Congress regarding Big Tech—the US Innovation and Competition Act that was passed by the Senate this month and...
Antitrust and Competition

Fake Comments Cause Real Harm: How the Public Comment Process Was Corrupted

Harold Feld
Turning a blind eye to the corruption of the public comment process—or worse, lumping together genuine mass comments with fraudulent comments—corrupts the rulemaking process. At...
Commentary

How Sadie Alexander, the First Black Economics PhD, Became a Voice for Black Workers

Jana Kasperkevic
A whole century has passed since Sadie Alexander became the first African American to receive a PhD in economics in the United States. Economist...
Commentary

Electoral College Reform: New Problems or Real Solutions?

Laurent Bouton
Each electoral system creates specific incentives to (mis)allocate government resources. Would putting the National Popular Vote (NPV) in lieu of the Electoral College improve...
Antitrust and Competition

More Than 20 Years of Consolidation Have Led to a Dysfunctional Health Care Market

Martin Gaynor
The US health care system is based on markets, which do not function as well as they could, or should. Prices are high and...
Antitrust and Competition

Invigorating Competition in Health Care Markets: Is Rate Regulation Needed?

Tim Greaney
It now appears that market concentration may be the leading cause of America’s health care cost crisis. If the United States is going to...
Antitrust and Competition

Fixing a Broken Antitrust Regime

Hal Singer
In her new book Antitrust, Senator Amy Klobuchar explains the origins of US antitrust law, diagnoses how the nation got derailed from the legislative...
Antitrust and Competition

Let’s Not Forget George Stigler’s Lessons about Regulatory Capture

Susan E. Dudley
George Stigler’s theory of economic regulation opened our eyes to the rent-seeking that undermines the public interest. Yet many in positions to influence policy...
Commentary

Three Ways Tax Policies Increase the Black-White Racial Wealth Gap

Dorothy Brown
Dorothy Brown, the author of The Whiteness of Wealth, explains how tax breaks for marriage, college, and gifts and inheritance contribute to the black-white...
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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.