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The Biden Presidency

In November 2020, Joe Biden was elected to be the 46th President of the United States. What will his presidency look like? What issues will his administration tackle? Catch up on ProMarket's coverage of the Biden presidency.

Antitrust and Competition

Of Antitrust and Patents: the Quiet Return of the Status Quo at the DOJ’s Antitrust Division

Allen Grunes
Without Senate-confirmed political leadership, the Department of Justice quietly reverts to an Obama-era policy that favors Big Tech.
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Antitrust and Competition

Morale At the DOJ’s Antitrust Division Has Plummeted. Here’s How to Fix It

John Newman
The Biden administration should work to reverse the declining morale since a re-energized Antitrust Division will translate into more effective, innovative enforcement...
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Antitrust and Competition

What Would Lina Khan’s FTC Nomination Mean For the Future of Antitrust Enforcement?

Asher Schechter
If confirmed, Khan’s nomination potentially heralds a profound shift in the way that antitrust law is enforced and discussed in the US.
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Antitrust and Competition

What the Biden DOJ Can Learn From the Clinton and Obama Years on How to Tackle America’s Monopoly Problem 

Allen Grunes
The Clinton DOJ attacked international cartels. The Obama DOJ prioritized merger enforcement. The Biden DOJ needs to focus on America’s monopoly problem.
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Money in Politics

Systemic Corruption in America Spans Political Parties

Jana Kasperkevic
In an interview with ProMarket, Sarah Chayes, author of the book On Corruption in America, discussed corruption in the US and how...
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Capitalisn't

Income-Driven Repayment Provides a Way to Offer Student Loan Forgiveness to Those Who Need It the Most

Constantine Yannelis
Direct loan cancellation is not the only policy option to lower student debt. If policymakers want more targeted loan forgiveness, aimed at lower income...
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Coronavirus

Angus Deaton: “There’s Something Clearly Wrong With Our Corporate System, in Which Pharmaceutical Companies Are Allowed to Kill People for Money”

Asher Schechter
In an interview with ProMarket, Nobel Prize-winning economist Angus Deaton outlined what he believes the incoming Biden administration should do: introduce price...
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Antitrust and Competition

What Should the Biden Administration’s Antitrust Agenda Look Like? A Roundtable

Asher Schechter
How will US antitrust policy look under President Joe Biden? We caught up with four antitrust experts—Jonathan Baker, Zephyr Teachout, William Kovacic,...
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News

President-Elect Joe Biden and the Real Lessons of DuPont

Guy Rolnik, Roy Shapira
Simply talking corporate America into being more responsible is not enough. It may get corporations to talk the talk, but not to...
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Antitrust and Competition

Three Steps the Biden Administration Should Take to Tackle America’s Monopoly Problem

Daniel A. Hanley
The Biden Administration can revive federal antimonopoly enforcement after 40 years of little action, even when faced with congressional opposition. Here’s how. 
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Antitrust and Competition

How the Rise of Labor Market Power Helps Explain the Fall of US Manufacturing Employment

James Traina, Ivan Kirov
A new working paper explores the increase in labor market power in the US and what’s driving it. It shows manufacturing workers...
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Economic History Series

How Manufacturing’s Lobby Won and Lost its Political Influence

Jennifer Delton
What happens when supporting capitalism hurts capitalists? Do business lobbies ever control the economy to the extent we think they do? The...
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Antitrust and Competition

How Apple Locks Out the Competition with Its Digital Key

Adam Levitin
Apple’s efforts to dominate the contactless payments market and lock up the “digital key” space pose a profound threat to consumer privacy...
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Antitrust and Competition

The Dawn of Antitrust and the Egalitarian Roots of the Sherman Act

Sanjukta Paul
While it isn’t particularly controversial that concentrated economic power was a legislative target of the Sherman Act, when read as a corollary...
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Economic History Series

The Varied Ideologies—and Practices—of Socialist Nations in the Developing World

Jeremy Friedman
In an excerpt from his new book Ripe for Revolution: Building Socialism in the Third World, Harvard Business School professor Jeremy Friedman...
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Corporate Governance

How Much Can We Trust Index Funds on Climate Change?

Roberto Tallarita
According to a theory that is gaining support among academics and practitioners, we should expect index fund managers to undertake the role...
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Antitrust and Competition

The Ties that Bind Workers to Firms: No-Poach Agreements, Noncompetes, and Other Ways Firms Create and Exercise Labor Market Power

Evan Starr
Collusive no-poach agreements are per se illegal, but noncompete clauses are not. Recent research casts doubt on the rationale for this legal...
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ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.

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