Politics

The Hidden Risk in Bernie Sanders's Plan to Save Journalism: an Unholy Alliance Between Publishers and Tech Monopolists

Sanders's plan is important and laudable, but his proposal to use a tax on targeted advertising to fund journalism is dangerous.        Donald Trump is not the...

Thomas Piketty's New Book Brings Political Economy Back to Its Sources

In the same way that Capital in the Twenty-First Century transformed the way economists look at inequality, Piketty's new book Capital and Ideology will...

How Robert Bork Fathered the New Gilded Age

Much like in the first Gilded Age, antitrust enforcers today are hitting labor, not capital. This is thanks to Robert Bork’s radical and influential...

Why American Voters Are Still Not Ready to Support Carbon Taxes

Economists and policy elites love carbon taxes, but voters dislike them. A new study suggests that ideology has a lot to do with it....

How the Supreme Court Is Rebranding Corruption

In thirteen years of hostile decisions, the Roberts Supreme Court has done all it can to legalize corruption. With the Bridgegate case, it gets...

Public Trust in Government Falls as Government Shutdown Continues

Amid the longest government shutdown in US history, and with no light at the end of the tunnel, the latest Financial Trust Index (FTI)...

Are Americans Drifting Apart Culturally?

Is the United States becoming more culturally divided across racial, gender, income, religious, geographic and political lines? New research from SMU and UCLA finds...

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George Stigler on Henry Simons, “Crown Prince” of the Chicago School

To mark 75 years since the passing of Henry Simons, professor of Economics and Law at the University of Chicago, ProMarket is...

Electoral College Reform: New Problems or Real Solutions?

Each electoral system creates specific incentives to (mis)allocate government resources. Would putting the National Popular Vote (NPV) in lieu of the Electoral...

When Do Users Benefit From Platform Mergers?

A new paper shows that platform mergers can harness network effects at the cost of reducing the platform differentiation that users value. 

Harold Demsetz and Israel Kirzner Understood That Competition Regulates Markets

Economists Harold Demsetz and Israel Kirzner challenged the prevailing orthodoxy in microeconomic analysis and public policy beginning with their respective work in...

The Covid-19 Pandemic Should Not Delay Actions to Prevent Anticompetitive Consolidation in US Health Care Markets

Harvard Business School professor Leemore Dafny lays out potential reforms to assist agencies in halting anticompetitive acquisitions and practices, and to preserve...

Who Benefits From Competitive State-Level Legislatures?

A new paper finds that when interparty competition in state legislatures is high, well-connected and influential incumbent firms are best able to...

No More “Mystery Meat”: Why We Need Better Corporate Governance Data

Three decades of finance, economics, and legal studies in corporate governance have been built substantially on data sets with nearly unknown provenance....