The Information Economy

Can Narratives Shape Society?

Narratives that alter beliefs and change norms or guiding principles may indeed have real and lasting effects.  In the 2017 American Economic Association Presidential Address,...

Can Investigative Journalism Be Profitable? France’s Mediapart Shows That It Can Be

Is investigative journalism a private or public good? A new Stigler Center case study focuses on the success of French online news website Mediapart...

PwC and the Oscars: When Auditors Take Investors to La La Land

PwC suffered an enormous blow to its reputation following the Oscars because the ceremony is highly visible and the failure was simple to understand. But the accounting giant has experienced many blunders in the last...

Reader Survey: ProMarket Celebrates Its One-Year Anniversary

As ProMarket enters its second year of operation, we would like to understand what you, our readers, have liked about our blog and what...

The Role of Narratives in Economics

Narratives are vectors of ideas. Nobel laureate Robert Shiller suggests that in the age of social information networks, economists need to rethink how and...

Last Few Days to Apply to the Stigler Center’s Fellowship Program for Journalists

This 10-week program, which will take place in Chicago Booth’s Hyde Park Campus, will offer a transformative learning experience for up-and-coming journalists seeking to...

The ProMarket Monthly Roundup

The first edition of our monthly roundup that includes ProMarket posts from the previous month, as well as interesting stories from our “Weekly Briefing” section. The...

Alan Rusbridger is Gone from The Guardian, But Is There Still a Business Model for Independent Journalism?

Many people like to think of media as another market where competition drives innovation, quality, and integrity. But this is not always the case. The following...

Are Newspapers Captured by Banks? Evidence From Italy

The inaugural piece of a new ProMarket mini-paper series. Preamble In the intellectual debate there is a gap between academic papers and policy opinions, even those...

Alan Rusbridger: “The Level of Scrutiny That the Press Would Apply to its Own Failures is Minimal”

ProMarket interview: Alan Rusbridger, former editor-in-chief of The Guardian, on media capture. In 2003, Rebekah Wade (now Brooks), the former editor of the British tabloid...

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