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Academic Capture

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Academic Capture

“Doubt is Their Product”: The Difference Between Research and Academic Lobbying

Tommaso Valletti
Tommaso Valletti, the former Chief Competition Economist of the European Commission, reflects on the intersection of academic economics and policymaking and offers...
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Academic Capture

Tainted Philanthropy in Higher Education

Jasmine Banks, Samantha Parsons, David Rapach
Our institutions of higher education should apply appropriate ethical and academic standards when considering financial donations; otherwise, they risk promoting the private interests of...
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Academic Capture

Are the Findings in Academic Economic Journals to be Trusted?

Abel Brodeur
A growing number of studies provide evidence that editors (and referees) of academic journals often publish only findings showing a significant effect or surprising...
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Academic Capture

The Most Persistent of All Zombie Ideas: That Taxing the Wealthy Is Destructive to the Economy

Paul Krugman
Economics can’t tell you what values to have. It can, however, shed light on what to expect from policy that reflects any particular set...
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Academic Capture

The World Bank's "Papergate": Censorship Is Not the Best Way to Stop Development Aid From Fueling Corruption

Stefano Feltri
A new study of World Bank data finds that aid disbursement to highly aid-dependent countries coincides with sharp increases in bank deposits in offshore...
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Academic Capture

With the Court Approval of the T-Mobile/Sprint Merger, the Dominant Doctrine in Antitrust Has Jumped the Shark

Matt Stoller
New York Judge Victor Marrero allowed two major mobile companies to merge in an already concentrated telecom industry, ensuring that prices will rise and...
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Academic Capture

Data-Driven Ideology: The Problem With Economists' Takeover of Policymaking

Stefano Feltri
According to New York Times journalist Binyamin Appelbaum's recent book The Economists' Hour, economics is not the unbiased science that it pretends to be, but...
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Academic Capture

The Epstein Report: How a Convicted Criminal Could Use MIT to Whitewash His Reputation

Stefano Feltri
The only reason why a pedophile's donations did not violate any MIT policy is that MIT does not have any policy to prevent embarrassing...
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Aaron Director

Corporations and the Rise of the Chicago Law and Economics Movement

Robert Van Horn
From its birth in 1946 onward, corporations made possible and crucially supported the rise of the Chicago law and economics movement. Aaron Director,...
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Academic Capture

Purdue Circumvented the Regulator to Promote OxyContin, Hiding Its Real Risk of Addiction

David Egilman, Gregory Collins, Julie Falender, Naomi Shembo, Ciara Keegan, Sunil Tohan
In 2001, the Food and Drug Administration required Purdue to change OxyContin’s patient package inserts to make addiction risks more evident. The company altered...
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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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Corporate Governance

How Companies Spin Off Environmental Liabilities to Avoid Legal Obligations

David F. Larcker, Andrew Baker, Brian Tayan
Environmental externalities are vexing for corporate decision makers, but some companies have figured out a way to deal with them: a spinoff....
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Coronavirus

How Pfizer’s Vaccine Announcement Demonstrates the Political Power of Firms

John M. Barrios, Luigi Zingales
By timing the disclosure of the results of its vaccine trial, Pfizer could have influenced the 2020 presidential election. This is worrisome...
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Antitrust and Competition

The Useful Distraction of Section 230

David Carroll
How the red-herring of a politicized Section 230 and “conservative censorship” distracts from a bipartisan national privacy act.
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Antitrust and Competition

Institution Man: How Corporations Came to Dominate the US Economy

Nicholas Lemann
In the first chapter of his book Transaction Man, Nicholas Lemann explores how Adolf Berle, author of The Modern Corporation and Private...
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Antitrust and Competition

Kicking Around Section 230: Don’t Confuse Politics and Policymaking

Randy Picker
Congressional hearings may make for good TV and viral social media posts, but reforming Section 230 would be more difficult than it...
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Antitrust and Competition

Big Tech Platforms and Schumpeter’s Creative Destruction

Nicolas Petit
Schumpeter’s indirect entry theory fits the average tendencies of competition in digital industries. When the model is added to standard assumptions and...
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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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