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The Equitable Economy

Antitrust and Competition

Towards the Giant Three: The Rise and Rise of the Big Three Index Funds

Lucian Bebchuk
The Big Three index fund managers—BlackRock, Vanguard, and State Street Global Advisors—hold a significant proportion of the stock of US public companies, and they...
Income Inequality

How Offshoring by Multinational Corporations Contributed to the Decline of US Manufacturing

Christoph Boehm
The offshoring activities of multinational firms explain about one-third of the aggregate decline in US manufacturing employment, according to a new study.  Between 1990 and...
Income Inequality

Angus Deaton: Today’s Inequalities Are Signs That Democratic Capitalism Is Under Threat

Angus Deaton
At the launch of the IFS Deaton Review, a 5-year review of rising inequalities in the UK, Sir Angus Deaton decried extreme inequality and the...
Antitrust and Competition

Dear Graduates, Here’s What You Can Do to Change Capitalism For the Better

Luigi Zingales
Delivering UChicago’s 532nd Convocation address, Luigi Zingales advised young graduates to embrace their power as consumers, workers, and citizens and fight corporate monopolies. Dear...
Income Inequality

Basic Income as a Policy Lever: Can UBI Reduce Crime?

Richard Dorsett
What would the effect of a universal basic income be on crime? A new study looks into Alaska’s Permanent Fund Dividend and suggests that...
Income Inequality

The Real “China Shock”: Political Fallout from Slowing Exports in China

Filipe Campante
As China’s export growth has slowed down over the past five years, workers have responded by taking to the streets with increasing frequency. The...
Income Inequality

Do the Sons of Rich Families Recover After a Large Wealth Shock? Evidence From the US Civil War

Philipp Ager
One striking feature of many underdeveloped societies is that economic power is concentrated in the hands of very small powerful elites. Why is it...
Antitrust and Competition

When American Capitalism Meant Equality

Matt Stoller
Americans used to have a relatively egalitarian view of markets. How did they come to accept extreme inequality as an innate part of their...
Income Inequality

Wealth Inequality in America: A Race Between the Stock and the Housing Market

Moritz Kuhn
Booming stock markets and the collapse of house prices in the aftermath of the 2008 financial crisis have increased wealth inequality in the US...
Academic Capture

“Economics Now Points Away From the Laissez-Faire Approach”

Asher Schechter
Columbia professor Suresh Naidu on Economics for Inclusive Prosperity, the new initiative he launched with Dani Rodrik and Gabriel Zucman, and why he believes...
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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.