Regulation

Antimonopoly Banking After the New Deal

The following is an excerpt from "Private Finance, Public Power: A History of Bank Supervision in America" by Peter Conti-Brown and Sean H. Vanatta, now out at Princeton University Press. 

Is the US Bankruptcy System Morally Bankrupt?

Anat R. Admati reviews Unjust Debts: How Our Bankruptcy System Makes America More Unequal (2024) by Melissa B. Jacoby.

Financial Regulators Must Pursue a Multidisciplinary Approach to New Technology

Crypto assets and social media are changing how finance operates. Uncertainty around the future of AI is affecting financial markets. Claudia Biancotti argues that regulators must expand their range of expertise and pursue a multidisciplinary approach to protecting society against the potential negative spillovers from these developments.

The House Budget Bill Is One Big Beautiful Boon for Code Cartels

Meher Sethi argues that a little-noticed provision in the federal budget recently passed by the House will gut state laws protecting consumers from algorithmic price-fixing.

How Media Concentration in the Age of Radio Prefigured Today’s Big Tech Debate

In the 1930s, staffers at the newly established Federal Communications Commission devised a novel rationale for limiting network power in radio, telephony, and the press. While much has changed since the “age of radio,” the concerns they raised inform the present-day debate over the control that social media platforms exert over public discourse, writes Richard R. John.

Don’t Dismantle America’s Audit Regulator—It’s a Strategic Asset Against China

Congress is considering eliminating the Public Company Accounting Oversight Board, the independent federal agency that “audits the auditors.” Karthik Ramanna and Nemit Shroff write...

China’s Regulatory Balancing Act

The following is an excerpt from Angela Zhang's recent book, High Wire, out at Oxford University Press. Please join the Stigler Center on April 3 at 6:30-7:30 pm CT for a conversation with Zhang, where she'll discuss High Wire with Financial Times' China Technology Correspondent Eleanor Olcott. You can register for the livestream of the event here.

US Deregulation Should Target Occupational Delicensing Next

State occupational-licensing requirements have ballooned over the past decades to cover seemingly nonsensical professions, raising barriers to entry and costs for consumers. Ray Ball, S.P. Kothari, and Andrew Sutherland argue that the current deregulatory movement in the United States should target these regulations next.

Finding the Right Mix of Corporate and Individual Liability To Deter Organizational Misconduct

In recent research, Jennifer Arlen and Lewis A. Kornhauser develop a new model to understand how countries should approach and balance corporate and individual...

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

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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