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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)

Commentary

Are We Witnessing the Fall of the American Liberal Order?

Karthik Ramanna
In the past 30 years, liberalism has not lived up to its promise to deliver economic returns for the broad majority of society. But...
Commentary

Why Economic Predictions Are Useless Right Now

Branko Milanovic
The Covid-19 crisis is unprecedented in its global scope and open-ended, uncontrollable progress. By their very nature, the models that economists often use to...
Commentary

Bethany McLean’s Weekend Reading List: Elder Care Facilities, Twitter, and Pot

Bethany McLean
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.  Corona-free! Well, no, not...
Commentary

Bethany McLean’s Weekend Reading List: Free Money, Hospitals, and Private Equity Firms

Bethany McLean
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.  Is there actually such a thing...
Antitrust and Competition

How Airline Alliances Convinced Regulators That Collusion Reduces Prices

Hubert Horan
The Department of Transportation granted antitrust immunity to Atlantic alliances that reduced competition on the basis of a single paper written by a United...
Commentary

Bethany McLean’s Weekend Reading List: Contact Tracing, Debt, and the Oil Crash

Bethany McLean
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.  Contact tracing. If someone had told...
Antitrust and Competition

How the Tension Between Big Business and Antitrust Will Reshape Post-Covid America

Matt Stoller
Big Business is going to be structuring the response to the pandemic, at least temporarily. A new generation of leaders and thinkers is not...
Commentary

Congress Can Move Now to Stop Amazon’s Cloning Factory. Here’s How

Hal Singer
If there was any doubt that online marketplaces should be considered a separate market before the coronavirus wiped out brick-and-mortar retail, there should...
Commentary

Why We Can Be Optimistic About the Long-Term Impact of the “Covid Economy”

Wojciech Kopczuk
In the short run, we have to save lives and hibernate the economy. In the longer term we will have slower, but important changes....
Commentary

How to Interpret Financial Market Movements to Predict the Impact of Coronavirus on GDP

Ralph S.J. Koijen 
Equity markets in the EU and US dropped by as much as 30 percent, which means that investors have revised downward their estimate of...
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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.