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The Equitable Economy

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...
ESG, Corporate Governance & Future of the Firm

Are Innovators Born or Made?

Elizabeth Lyons
The question of whether people are born with innovative talent or can develop it has knock-on effects to issues ranging from productivity growth in...
ESG, Corporate Governance & Future of the Firm

Top5itis: The Disease that Affects Economics

Roberto Serrano
Top5itis is a disease that currently affects the economics discipline. It refers to the obsession of the profession of academic economists with the so-called...
ESG, Corporate Governance & Future of the Firm

10th Year of Chicago Booth/Kellogg School’s Financial Trust Index Shows an Uptick of Public Faith in Markets

Linda Wu
A decade after the financial crisis, average faith in market institutions is recovering—especially among high-income individuals and Republicans—while trust in government is on a...
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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.