The Governor of India’s Central Bank, Raghuram Rajan, is attacked for fighting the inefficiency of the banking system.
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New Study Finds Evidence That Rents Might Be Higher in the U.S. than in Europe
A new paper by Caroline Freund and Sarah Oliver from the Peterson Institute for International Economics explores the origins of the world’s billionaires, and finds that the financial sector is largely responsible for the growth in extreme wealth in the U.S.
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A Moment To Reform Accounting Rulemaking?
The European Parliament is due to formally adopt a cross-party report that is strongly critical of accounting standard-setting institutions, in particular the International Accounting Standards Board (IASB). This is an opportunity to reexamine the accounting rulemaking establishment in the United States as well.
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Intergenerational Mobility, Guilds and Income in the Very Long Run
New paper compares tax records for family dynasties in Florence in 1427 and 2011, and finds that the top earners of the present day were already at the top of the socioeconomic ladder 600 years ago.
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ProMarket Interview: “The Lobbyists and the Regulators Were Really, Socially and Culturally, the Same People”
University of Connecticut’s law professor James Kwak explains the mechanisms that drive cultural capture, and why he think it is less prevalent today.
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ProMarket Interviews Bo Rothstein, Part II: On Strong Markets and Quality Government
In the second part of ProMarket’s interview with Bo Rothstein, the Swedish political scientist discusses corruption, social trust and unions.
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Do Courts Have a Pro-Business Bias?
Existing evidence are not enough to determine whether courts are pro-market or pro-(incumbent)business.
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Are Business Schools Responsible For Strengthening Ethical Norms Among Students and Alumni?
A panel at Fordham University discusses the social signals business schools communicate to students.
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Campaign Financing Capture Index: Out of the Remaining Presidential Candidates, Clinton Relies Most on Big Donors
Clinton’s main super PAC, Priorities USA Action, raised $8.5 millions in April. Bernie Sanders remains the only one of the remaining three candidates to not receive six-figure donations
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ProMarket Interview: Bo Rothstein on the Role of Government in Market Economies
Bo Rothstein, one of the most influential political scientists in the world today, explains how countries can become less corrupt, and why the Nordic model is successful. The first of a two-part interview.
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How to End Too-Big-To-Fail? At Minneapolis Fed Symposium, Participants Reject Big Bank Breakup
Former Fed chairman Ben Bernanke: “Size is not the only relevant attribute of banks.”
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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.
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