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The Role of the State

Development

India’s Evolving Industrial Policy Is Critical for Realizing Its Development Vision

Nagesh Kumar
Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s back in...
Commentary

Nobel Laureate Douglas Diamond on How the Fed Could Have Prevented SVB’s Collapse

Brooke Fox
Nobel Laureate and bank run expert Douglas Diamond argues that the Fed’s choice to signal long-term low interest rates, and then suddenly reverse course...
Commentary

How Do We Avoid the Next SVB?

Anil Kashyap
Anil Kashyap explains why the collapse of Silicon Valley Bank and Signature Bank are the result of the failure of the Dodd-Frank Act to...
Commentary

Economics Must Catch Up On Industrial Policy

Nathaniel Lane
Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s back in...
Fiscal Policy

Are Sovereign Green Bonds Anything More than a Fad?

Daniel C. Hardy
It has become fashionable for governments to issue “green” bonds to fund the transition to sustainability. However, sovereign green bonds as currently designed have...
Antitrust and Competition

The DOJ’s AdTech Suit Against Google Is Anything but Unconventional

Salil Mehra
The U.S. Department of Justice and eight states recently sued Google, claiming it runs its digital ad business to unfairly advantage its own business,...
Antitrust and Competition

Why the Antitrust Agencies Should Consider Prior Bad Acts in Merger Review

Michael A. Carrier
As the federal antitrust agencies consider revising the merger guidelines, they should add consideration of the merging parties’ previous bad acts, write Michael A....
Commentary

Enrolling Capitalism in the Fight Against Climate Change

Alessio Terzi
Environmentally conscious critics of contemporary capitalism often highlight the system’s permissiveness toward egregious pollutant activities, typically enjoyed by the ultra-wealthy. Using private jet ownership...
Industrial Policy

Industrial Policy Can’t Ignore Geography

Mark Muro
Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s back in...
Antitrust and Competition

Reclaiming The Antitrust Law Of Potential Competition Mergers

Herbert Hovenkamp
In order to discuss the Meta/Within merger decision, it is important to understand the legal underpinnings and history of competition merger cases. Most mergers that...
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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.