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The Equitable Economy

Income Inequality

“Avoiding Plutocracy Would Require a Political Change”: Branko Milanovic on the Future of Capitalism

Asher Schechter
In an interview with ProMarket, CUNY Graduate Center economist Branko Milanovic discussed the differences and similarities between US-style and China-style capitalism and explained why,...
Income Inequality

How a Simple Tweak to a Federal Form Could Help Borrowers Potentially Avoid Defaulting on Student Loans

Constantine Yannelis
A federal program seeks to help borrowers avoid defaulting on their student loans through income-based repayment plans, but many eligible borrowers do not enroll....
Antitrust and Competition

The Counterfeit Capitalism of WeWork: Predatory Pricing as a Business Model

Matt Stoller
The company failed to go public and its founder, Adam Neumann, had to step down. This is good news: ordinary investors refused to put...
Commentary

With the US and China, Two Types of Capitalism Are Competing With Each Other

Branko Milanovic
Capitalism’s global victory has been achieved through two different types of capitalist systems: the liberal meritocratic capitalism that has developed incrementally in the West,...
Antitrust and Competition

Hospital Mergers: The Forgotten Problem of American Health Care

Stefano Feltri
In the US, there are more than 100 hospital mergers every year. This increasing concentration does not lead to the promised savings, nor to...
Antitrust and Competition

The Surprising Twist in GOP Economic Thinking: Tax Cuts Might Be Bad for Business

Matt Stoller
Senator Mitt Romney wrote Donald Trump a letter to stop his plan to reduce capital gain taxes. This is an important signal that a...
Income Inequality

The Secret Code of Capital and the Origin of Wealth Inequality

Katharina Pistor
Capital is not a thing, but a social relation enforced by the law and the state. With the right legal coding, any object, claim,...
ESG, Corporate Governance & Future of the Firm

The Problem With Unicorns: Why Investors Stopped WeWork From Going Public

Jeffrey Carter
More and more startups are valued at over $1 billion, even if they have dysfunctional corporate structures and hazardous business models. For tech companies,...
Academic Capture

Presenting: The Stigler Center’s Report on How to Rein in Big Tech

ProMarket writers
The Stigler Center presents its policy suggestions on how to address the political and economic issues raised by the market power of tech platforms...
Antitrust and Competition

The Cost of America’s Oligopoly Problem

Asher Schechter
An innovative new study finds substantial, increasing deadweight losses resulting from oligopolistic behavior and points to the important role that startup acquisitions—particularly by large...
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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.