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The following is an excerpt from Karthik Ramanna’s new book, “The Age of Outrage: How to Lead in a Polarized World,” now out at Harvard Business Review Press. Ramanna will discuss his new book tomorrow, October 31, 2024, at an event cohosted by the Stigler Center and the Rustandy Center. You can register here to attend the event in-person or on the livestream.

The Stigler Center is seeking pre-tenure candidates for the second class of its Affiliate Fellows program. Applications are due January 19.

Both Donald Trump and Kamala Harris have proposed policies that encourage the redistribution of resources rather than maximizing efficiencies to grow the economic pie. Jeffrey Miron and Constantin Wells argue these preferences will harm the American economy and voters in the long term.

From collaborator to commentator, economist Leopoldo Fergusson offers a unique perspective on his work with recent Nobel laureates in economics. Fergusson reflects on their groundbreaking research on institutions, political incentives, and social norms, while providing personal insights into the brilliance and generosity of James Robinson and Daron Acemoglu.

The following is an excerpt from Brody Mullins and Luke Mullins’s book,“The Wolves of K Street: The Secret History of How Big Money Took Over Big Government,” now available from Simon and Schuster.

In a recent revision of its Premerger Notification Regulation, the FTC removed labor market provisions from the previous draft as Commissioner Melissa Holyoak dismissed them as "a solution in search of a nonexistent problem." Eric Posner argues that her assessment contradicts a substantial body of academic research showing that labor market concentration is indeed a serious concern.

In this second installment of a two-part series, David Dubrow and Kent Hiteshew propose reforms to improve disclosure standards in the municipal bond market, exploring both legislative and regulatory approaches. They outline eight key guidelines for enhancing transparency and consistency in municipal offering statements, aiming to bring these disclosures into the modern era and better protect investors.

Two municipal market veterans, David Dubrow and Kent Hiteshew, delve into the history and current state of disclosure practices in the municipal bond market, highlighting the flaws in the current system. In a follow up, the authors will explore potential paths to reform and key components of a uniform standard of disclosure for municipal securities.

The Stigler Center is inviting submissions of short academic pieces (up to 2000 words) focused on how economic concentration can impact the marketplace of ideas. The authors of the best submissions will have their work published on ProMarket and will be invited to discuss their ideas at the Stigler Center’s 2025 Antitrust and Competition Conference, which will take place in Chicago on April 10-11, 2025.

The following is an excerpt from Sarah C. Haan’s book, “Reclaiming Corporate Democracy.”