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The Equitable Economy

ESG, Corporate Governance & Future of the Firm

Two Years Later, Has the Business Roundtable Statement Transformed Capitalism?

Alex Edmans
Two years after the Business Roundtable redefined its statement of Purpose of a Corporation to include “a fundamental commitment to all of our stakeholders”...
Antitrust and Competition

Antitrust Enforcement Is Not Enough to Address Anticompetitive Conduct in Pharmaceutical Markets. Market-Oriented Legal Reform is Needed.

Alden Abbott
Federal antitrust enforcement has been robust and effective in promoting prescription drug market competition and thereby enhancing consumer welfare. Antitrust enforcement in itself, however,...
Antitrust and Competition

Competition Problems in Prescription Drug Market

Michael Kades
Although not the sole cause of high prescription drug costs, abusive practices that distort competition contribute to the problem. Too many companies exclude competition...
Commentary

Why Corporate Purpose is Important to the Recovery From the Pandemic

Martin Lipton
A new initiative seeks to encourage directors, managers, asset owners, and other internal and external stakeholders to collaborate on articulating an actional principle of...
ESG, Corporate Governance & Future of the Firm

The Aristocracy of Talent: Business Intelligence

Adrian Wooldridge
In the following excerpt from his new book, The Aristocracy of Talent: How Meritocracy Made the Modern World, Adrian Wooldridge traces "how universities became more...
Antitrust and Competition

Why the FTC Should Consider Size in Drug Mergers

Patricia M. Danzon
Large pharmaceutical firms retain their dominance through size-related advantages in three areas: contracting, marketing and selling, and financing. When reviewing pharmaceutical mergers, the Federal...
Antitrust and Competition

“This Isn’t the Kind of Journalism That Serves Democracy Best”: How Place and Privilege Came to Define American News

Asher Schechter
In an interview with ProMarket, University of Illinois at Urbana-Champaign professor Nikki Usher discusses how news in the US came to be produced and...
Income Inequality

How Insufficient Enforcement Led to Prevalent Tax Evasion and Contributed to American Inequality

Asher Schechter
The prevalence of tax evasion among the top 1 percent of the income distribution is much worse than previously thought, a study by IRS...
Commentary

How Sadie Alexander, the First Black Economics PhD, Became a Voice for Black Workers

Jana Kasperkevic
A whole century has passed since Sadie Alexander became the first African American to receive a PhD in economics in the United States. Economist...
Antitrust and Competition

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

Leemore Dafny
Harvard Business School professor Leemore Dafny lays out potential reforms to assist agencies in halting anticompetitive acquisitions and practices, and to preserve and promote...
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The publication of the Stigler Center at The University of Chicago Booth School of Business

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.