Deregulated banking in rich countries delivers more “investment” in speculative asset markets, not productive businesses.
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When We Outsource Privacy Compliance, We May Undermine Privacy Protection
Privacy law is currently being shaped and implemented by a new industry of third-party tech vendors. These companies code their own interpretations of privacy laws into the designs of their products, but many are doing so without legal expertise.
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Self-Regulation and the Video Game Industry: A New Stigler Center Case Study
A new Stigler Center case study explores questions surrounding the ESRB, the self-regulatory body responsible for assigning age and content ratings to video games.
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Schumpeter and Brexit: Same Old Story, Different Ending
Joseph Schumpeter wouldn’t have been surprised by Brexit, but would blame British elites for putting it to a referendum and then walking away from the consequences.
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The Anticompetitive Effects of Current Capital Regulation
Some features of the capital regulation that was designed to increase the safety of the financial system may have unintended consequences on the competitive environment, argues new study.
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Regulators Should Not Change the Regulatory Environment to Include Labor Market Concentration
Research has shown that labor markets with higher levels of labor market concentration have lower wages. It does not necessarily follow that regulators should limit merger activity because of labor market concentration.
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“Emmanuel Macron Is Not a Liberal, He Just Pretends to Be”
The French president found himself under fire following an attempted police raid on the offices of the investigative news site Mediapart. While many around the world were shocked, Mediapart’s journalists themselves were not entirely surprised.
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When the Interests of Monopolists and Authoritarians Coalesce
It is when the behemoth of monopoly enterprise consorts with the leviathan of the authoritarian state that both are likely to achieve permanence, writes Raghuram Rajan.
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The News Media’s Business Model of Extortion
The Jeff Bezos vs. The National Enquirer scandal highlights the role that extortion may play in the business model of some news outlets.
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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) survey shows decreasing trust in government, especially among Democrats.
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Facebook, Extreme Inequality, and Globalization: ProMarket’s Top Stories of 2018
As 2018 draws to a close, we look back at ProMarket’s most-read and most-widely shared stories of the past year.
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The Solution to the Auditing Industry’s Oligopoly Problem? More Competition
The UK’s reviews of the Big Four auditing firms have largely adopted an approach of more regulation and government oversight. This approach is not an unnatural response in the face of the evidence against the audit industry, but the industry’s political power over regulators, and its clout over academics, have to be reckoned with.
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