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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

Bethany McLean's Weekend Reading List: Google’s Secrets, Banking, and Boeing

Bethany McLean
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.    I think I've been reading too many...
Academic Capture

Political Economy, Blind Spots, and a Challenge to Academics

Anat Admati
Anat Admati calls on economists and academics to engage with governance and political economy issues, scrutinize models before applying them to the real world,...
Commentary

Bethany McLean's Weekend Reading List: the SEC, Tesla, and California's Housing Crisis

Bethany McLean
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.    One of my ongoing obsessions is the...
Commentary

Bethany McLean's Weekend Reading List: Pension Problems, Funky Accounting, and Elon Musk

Bethany McLean
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean  My three picks this week deal with...
Commentary

Esther Duflo: How to Find the Right Questions

Esther Duflo
In this piece, originally published in 2011 by the American Economic Association's Committee on the Status of Women in the Economics Profession, Esther Duflo, co-recipient of...
Commentary

With the US and China, Two Types of Capitalism Are Competing With Each Other

Branko Milanovic
Capitalism’s global victory has been achieved through two different types of capitalist systems: the liberal meritocratic capitalism that has developed incrementally in the West,...
Antitrust and Competition

Standard Oil and Antitrust: the Effects of Aaron Director's Socratic Method

Sam Peltzman
Aaron Director, who died 15 years ago, made important contributions to the analysis of business practices. None were ever published under his name. Professor...
Antitrust and Competition

Aaron Director’s Legacy: The Beginning of Doubt is the Beginning of Wisdom

Stephen Stigler
Aaron Director died 15 years ago. He published almost nothing, but his ideas influenced a generation of economists and intellectuals. Professor Stephen Stigler remembers...
Antitrust and Competition

What Bernie Sanders’s Plan to Save American Journalism Gets Right – and What It Misses

Andrea Prat
Independent and effective news reporting is at the heart of the democratic process. The dangers to media plurality and local journalism that Sanders identifies...
Commentary

The World Cup of Fraud

Steven A. Bank
Scandal-rocked FIFA has sought to scrub up its image by bringing in ostensibly disinterested outsiders to fill oversight roles. Here, Steven A. Bank argues...
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