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The Equitable Economy

Income Inequality

Education Quality Has Less to Do with Adult Outcomes Than You Might Think

Jesse Rothstein
A new paper assesses the contributions of education and labor markets to differences across regional labor markets in the United States and finds that differences in access to...
Income Inequality

Excessive Zoning Makes Us Poorer and More Unequal

Brink Lindsey
We normally think of income inequality as a function of differences in class or socioeconomic status. But much more than generally realized, geographic differences...
ESG, Corporate Governance & Future of the Firm

Do Firms Use Capital and Labor Efficiently? Evidence and Implications of Resource Misallocation

Simone Lenzu
Economists have for a decade or so theorized that moving productive inputs like labor and capital into the firms that make the best use...
Income Inequality

Why Democracy Fails to Reduce Inequality: Blame the Brahmin Left

Asher Schechter
A new paper by Thomas Piketty finds that major parties on both sides of the political spectrum have been captured by elites and warns...
Income Inequality

Baldwin on Globalization: “A Lot of the Narrative Is Based on the US as If It Were the Whole World”

Samantha Eyler-Driscoll
Richard Baldwin, professor of international trade at the Graduate Institute of Geneva and editor-in-chief of VoxEU.org, talks to ProMarket about the convergence between the...
Income Inequality

“Globalization Has Contributed to Tearing Societies Apart”

Asher Schechter
In an interview with ProMarket, Harvard economist Dani Rodrik explained where globalization went wrong, how trade agreements serve rent-seeking by politically well-connected firms, and...
ESG, Corporate Governance & Future of the Firm

Investing in Quality Early Childcare Is Good for Vulnerable Kids—and Good Economics, Too


Rafael Lalive
Early childcare can be a major contributor to eliminating inequality of opportunity and even lay the foundations for a more productive workforce in the...
ESG, Corporate Governance & Future of the Firm

The Motives of “Joiners” Explain Higher Rates of Innovation in Startup Firms

Henry Sauermann
It’s not just the founders of startups who boast an entrepreneurial spirit and a willingness to take risks. Those who join new ventures show...
ESG, Corporate Governance & Future of the Firm

The Culture of Overconfidence: Why Leaders Stick to Pet Projects That Aren’t Working

V. Bhaskar
What are the rational incentives for executives or politicians to push ahead with failing or inefficient initiatives? For answers, authors Bhaskar and Thomas look...
ESG, Corporate Governance & Future of the Firm

Do We Need to Mandate Firms’ Reporting And Auditing?

Matthias Breuer
Back in the 1960s, George Stigler called into question whether states should require firms to publicly report their financials. A recent Stigler Center working...
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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.