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The Role of the State

Antitrust and Competition

Creating a Robust Economy Requires a Corporate-Governance Policy Response

William Lazonick
William Lazonick writes that recent United States industrial policy initiatives miss the centrality of corporate resource allocation for creating a robust economy, characterized by...
Commentary

America’s Advantage in Clean Production Can Make Manufacturing Great Again

Karthik Ramanna
Karthik Ramanna writes that if the United States adopts a trade policy based on a dynamic emissions accounting method, it can achieve President Donald Trump’s goal of leveling the manufacturing playing field for American companies by penalizing foreign “dirty” producers, while also mitigating inflation and the risk of a trade war.
Antitrust and Competition

Rethinking Merger Analysis

Louis Kaplow
The following is an excerpt from Louis Kaplow’s new book,“Rethinking Merger Analysis,” now out at MIT Press.
Interviews

Nobel Laureate Eugene Fama Predicts Bitcoin Will Become Worthless

ProMarket writers
Nobel Prize-winning economist Eugene Fama argues that Bitcoin is fundamentally flawed and predicts it has a near-certain chance of becoming worthless within a decade....
Economic History

A Nobel Prize for Institutions

Nathan Nunn
The 2024 Nobel Memorial Prize in Economic Sciences was awarded to Daron Acemoglu, Simon Johnson, and James Robinson for “studies of how institutions are...
Antitrust and Competition

Expert Economist Testimonies Are Challenged More Often in Antitrust Cases

Edoardo Peruzzi
In a new working paper, Edoardo Peruzzi shows that under the Daubert standard for admissibility of expert witness, economists face more frequent challenges in antitrust litigation than in other legal domains, like patent or labor law. Additionally, plaintiffs’ experts are more likely to face a Daubert challenge than defendants’ experts.
International Economics

How Political Speech Restrictions Spill Over Into Financial Analysis

ProMarket writers
A new study by Utpal Bhattacharya, Tse-Chun Lin, and Janghoon Shon finds that Hong Kong's 2020 National Security Law led local financial analysts to...
Series

Taiwan’s Industrial Policy After the 2024 Presidential Election

Wong Chan-Yuan
Taiwan has a history of implementing industrial policies to successfully encourage the development of internationally competitive high-tech firms. However, the new administration’s efforts to reorient industrial policy to achieve Taiwan’s commercial-cum-defense goal risks harming its economic resiliency.
Commentary

What’s Ahead For The U.K.’s Industrial Policy Under Labour

Diane Coyle
The United Kingdom has struggled to implement long-term industrial policies in recent decades, writes Diane Coyle, a trend the new Labour Party promises to...
Big Tech

The TikTok Ban Is a Case Study in American Political Economy 101

Utsav Gandhi
Utsav Gandhi relates recent developments in the American government’s ban on TikTok and shows how the case maps over broader debates about conflicts between...
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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.