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The Equitable Economy

Covid-19

Piketty on the Covid-19 Crisis: “It Is High Time to Use This Opportunity to Counter the Dominant Ideology and Significantly Reduce Inequality”

Asher Schechter
In an interview with ProMarket, Thomas Piketty speaks about his new book, the role of ideology as a driver of inequality, and what the...
Covid-19

How Inequality Hurts the Economy and Complicates Policy Responses to the Pandemic

Atif Mian
In the years leading up to the pandemic, rising inequality created a saving glut of the rich which pushed down interest rates and fueled...
Covid-19

Economic Crisis and Poverty Might Kill More People Than the Coronavirus

Daniel Matamala
Saving lives is the priority. Doing so depends on a delicate balance between health, economic, and social variables. But, above all, it depends on a population that trusts that these measures seek the common good, not the interest of a few.
Covid-19

How to Save 40 percent of the Payroll Protection Program’s Costs

Joost Sijthoff
Thanks to the loan program part of the CARES Act, small businesses can receive up to 2.5 times their monthly payroll, regardless of how much...
Antitrust and Competition

The Coronavirus Crisis Has Exposed Private Equity’s Unsustainable Business Model

Matt Stoller
Private equity portfolio companies are heavily indebted, and they aren’t generating enough cash to service debts. The steady increase in asset values since 2009...
Income Inequality

Inequality Has Increased Far Less Than You Think (If You Consider Social Security Benefits)

Sylvain Catherine
In the United States, Social Security accounts for nearly 60 percent of the total wealth of the bottom 90 percent. Once Social Security is...
Antitrust and Competition

The Cantillon Effect: Why Wall Street Gets a Bailout and You Don’t

Matt Stoller
According to the 18th-century French banker and philosopher Richard Cantillon, who benefits when the state prints money is based on its institutional setup. In...
Covid-19

Deaths of Despair and Covid-19: a Webinar With Angus Deaton and Luigi Zingales

ProMarket writers
Deaths of despair are a slow disintegration of working-class lives: Will the coronavirus accelerate this process? In a conversion with Luigi Zingales, Nobel laureate...
Covid-19

MBA Students Against Corporate America: “Stop Lobbying the White House on the Defense Production Act”

Stefano Feltri
Since the virus outbreak, the US Chamber of Commerce has lobbied the federal government to limit the use of a piece of legislation that...
Covid-19

The World After Covid-19: Inequality Within Rich Countries Will Increase, Globalization Will Reverse, Politics Will Remain Turbulent

Branko Milanovic
The negative effects of the crisis on growth will be very strong. But it will not affect everyone in the same way. If the...
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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.