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The Equitable Economy

Academic Capture

“The Question Is Whether We Live in a Democracy or a Corporate State”

Asher Schechter
In an interview with ProMarket, Goliath author Matt Stoller discusses the political choices that led to the downfall of the American antimonopoly movement and the “addiction to...
Antitrust and Competition

Thomas Piketty, Chile's Political Chaos, and How to Change Capitalism for the Better: ProMarket’s Top Stories of 2019

ProMarket writers
As 2019 draws to a close, we look back at ProMarket’s most-read and most-widely shared stories of the past year.       Thomas Piketty’s long-anticipated follow-up to...
Academic Capture

The Best Political Economy Books of 2019

Asher Schechter
A history of American antimonopoly, the case against Big Tech, and how Europe got better than the US at free markets: here are (in no...
ESG, Corporate Governance & Future of the Firm

Shareholders at the Gate: The Increasing Pressure on CEOs for More Transparency

Joost Sijthoff
The average share of votes in favor of proposals that require corporate executives to disclose political and lobbying spending is trending up. But a...
Antitrust and Competition

"The Lack of Competition Has Deprived American Workers of $1.25 Trillion of Income"

Asher Schechter
French economist Thomas Philippon, author of the recent The Great Reversal, explains how Europe got to be better at free markets than the US and how...
Income Inequality

The Betrayal of Populism: Why the New Far Right Is the Real Threat to Our Democracy

Cas Mudde
Much of the discussion on populism focuses exclusively on protest against the political system: the protest of “the people” against “the elite.” But elites...
ESG, Corporate Governance & Future of the Firm

The SEC Proposal on Proxy Advisory Firms Will Provide Greater Transparency and Accountability

David F. Larcker
Proxy advisory firms lack transparency and their recommendations are not always in shareholders' interests. However, despite their poor performance, the two biggest firms' market...
ESG, Corporate Governance & Future of the Firm

Why CEOs and Regulators Clash With the Duopoly of Proxy Advisory Firms

Stefano Feltri
Institutional investors that own between 70 and 80 percent of the market value of US public companies often rely on investment advisers voting on behalf of...
ESG, Corporate Governance & Future of the Firm

Fake Letters Poisoned the Debate on SEC's New Rules on Shareholder Votes and Proxy Advisory Firms

Stefano Feltri
SEC Chairman Jay Clayton claimed that the draft regulation on shareholders' votes and proxy advisory firms received approval by hundreds of "Main Street" Americans....
Income Inequality

The Reality of Inequality and Its Perception: Chile’s Paradox Explained

Sebastian Edwards
While conventional indicators show a significant decline in inequality, the perception among Chile’s citizens is that inequality has greatly increased. The development model Chile...
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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.