Rent seeking

"The Blockchain Is Going to Revolutionize Central Banking and Monetary Policy"

Will governments start using central banks to issue sovereign currency on blockchains? And if so, will that be the end of the fractional reserve...

Blockchains and Corporate Finance: “In a Blockchain Market, Shareholder Activists Might Play Much Less of a Role”

Will blockchain technology lead to less shareholder activism and higher executive compensation? Watch David Yermack’s full Stigler Center lecture on the potential implications of blockchain...

"I Expect That Within the Next 10 Years, Probably Half of the Banks Will be Gone”

Watch David Yermack's full Stigler Center lecture on the potential implications of blockchain technology for the future of finance. First part of a three-part series.      In...

Is There a Connection Between Market Concentration and the Rise in Inequality?

A Stigler Center panel debates: Is rising inequality connected to monopolies, rent-seeking, and concentration?     The rise in wealth and income inequality has been at the forefront of...

Worried About Concentration? Then Worry About Rent-Seeking

Rent-seeking is a, if not the, mother of excess market power. The apparent increase in U.S. industrial concentration has raised growing concerns about weakening competition...

Does Regulation Build Trust or Entrench Cliques? Lessons From Merchant Guilds and the Taxi Industry

Close-knit networks, like guilds and taxi associations, are helpful in enhancing trust and reliability. Yet they can also become exclusive and rent-seeking.   Last May,...

Nobel Laureates: Eliminating Rent Seeking and Tougher Antitrust Enforcement Are Critical to Reducing Inequality

Angus Deaton: "A lot of the inequality in the U.S. comes from rent seeking. It comes from firms and industry seeking special protection or...

The Trump Tax

Will Donald Trump follow through on his populist campaign promises? The stock market can tell us a lot about the President-elect's economic policies.    We divide this total...

One Happy Byproduct of 2016: An Overdue Tax Policy Debate

Rich people are much richer than they used to be in large part because they pay much less tax than they used to. This—not...

(God Knows) Wall Street Isn’t Perfect, But It Has Helped Make the World A Lot Better Off

If the criticisms against Wall Street had been accurate, the U.S. corporate sector today would be ailing. Instead, corporate profits are at historical highs...

Latest news

What Comes Next for Economic Policies to Combat Covid-19? A Conversation Between Six Booth Faculty

As the Covid-19 crisis evolves from a temporary shock into what seems like a long-term catastrophe, six finance scholars from Chicago Booth—Douglas...

A New Stigler Center Case Study Explores the Link Between Italy’s Morandi Bridge Disaster and Crony Capitalism

Two years ago, the Morandi bridge collapse claimed 43 lives. Based on financial statements, Italian government documents, and interviews with independent experts...

Few Bad Apples? New Study Finds That 40 Percent of Officers in a Large Police Force Are Discriminatory

A new paper seeks to examine whether police misbehavior is concentrated or diffuse by identifying whether highway patrol officers in Florida are...

Bethany McLean’s Weekend Reading List: Wirecard, Shale Oil, and the Fall of Chuck E. Cheese

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean. 

Should Small Businesses Consider Bankruptcy? A New Capitalisn’t Reading List

The coronavirus has taken a heavy toll on most businesses, but it has been especially hard on small businesses. Should those businesses...

The Pandemic Has Revealed America’s Impatience. But America Will Need Patience in the 2020 Election

The proliferation of mail-in voting is likely to make knowing who won the election take much longer than Americans are used to....

Regulators Turn Their Attention Towards Apple’s Exploitation of App Developers. Now What?

Congress could level the playing field for independent app developers by looking to regulatory templates in music.