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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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