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When a Few Financial Institutions Control Everything

The following is a chapter excerpt from The Problem of Twelve: When a Few Financial Institutions Control Everything, written by John Coates and published today by Columbia Global Reports.

Eleanor Fox: A Slice of Forgotten History and Its Light on the Future – Changing the Lens on Antitrust

Eleanor Fox provides her round-one comments on the draft Merger Guidelines. To read more from the ProMarket Merger Guidelines Symposium, please see here.

Decrypting Crypto

The following is an excerpt from Data Money: Inside Cryptocurrencies, Their Communities, Markets, and Blockchains by Koray Caliskan, now out at Columbia University Press.

Why Does the FTC Continue To Pursue Losing Cases?

The Federal Trade Commission has recently lost a series of cases seeking to prevent Big Tech mergers and acquisitions. Jay Ezrielev offers several possible explanations for why the FTC continues to pursue these bad cases and suggests how the agency can refocus its energies to better serve its mission to protect competition going forward.

Cory S. Capps and Leemore Dafny: A Conversation on the Draft Merger Guidelines

Cory S. Capps and Leemore Dafny provide their round-one comments on the draft Merger Guidelines.

When Foucault and the Austrian Liberals Agreed on the Impossibility of Political Rationality

Philosopher Michel Foucault is often associated with the political left. Austrian liberals, including Ludwig von Mises and F.A. Hayek, are generally associated with libertarians or the political right. However, all shared a doubt regarding the government’s ability to use statistics and data to regulate populations and markets, writes Parv Tyagi.

Carl Shapiro: Why Dropping Market Power from the Merger Guidelines Matters

Carl Shapiro provides his round-one comments on the draft Merger Guidelines.

The Benefits of Working for a Victorious Political Campaign

With slightly more than one year until the United States presidential election, electoral campaigns are about to ramp up. These quadrennial elections, like so many others in democracies worldwide, will mobilize thousands of campaign workers who play an integral role in shaping candidates’ electoral performance. Yet, little is known about these workers and how the experience of working in a campaign shapes their professional lives. This column describes the findings from a new study on the career trajectories of campaign labor in Brazil, showing that connections forged on a campaign provide qualified workers with better employment and earnings opportunities. This article was originally published in VoxEU.

Dennis Carlton: Have the Draft Guidelines Demoted Economics?

Dennis Carlton provides his round-one comments on the draft Merger Guidelines.

European Digital Platform Regulation Risks Undermining Itself with Over-Centralization

Recent European digital regulation surrenders traditional key guideposts of European competition law and policy. The over-centralization of European Union antitrust authority and EU legislation risks undermining member state laws and competences. This may privilege platforms and eventually harm competition and consumers, writes Jörg Hoffmann.

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