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“Growing Evidence That Some U.S. Regulators May Value the Profits of the Incumbents They Regulate Over Consumer Welfare”

In this installment of ProMarket’s new interview series, we ask Fiona M. Scott Morton of Yale University about the effects of concentration in America and antitrust in the age of Trump. “I am concerned that there will not be one philosophy toward competition enforcement, but instead political antitrust.”   

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“There Is Convincing Evidence That Concentration Has Been Rising”

Our new interview series: “Is there a concentration problem in America?” On March 27-29, the Stigler Center will host a first-of-its-kind, three-day conference that will focus on this very question. Ahead of the conference, we asked influential scholars and public intellectuals about the potential effects of concentration on the U.S. economy. In the first installment, John Kwoka of Northeastern University shares some thoughts on competition and antitrust in the age of Trump.   

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“The Ability of Companies to Subvert the Operating Rules for the Market is a Deep, Systematic, Durable Force”

In this installment of ProMarket’s new interview series, we ask Harvard Business School professor Herman “Dutch” Leonard about the involvement of corporations in politics and his thoughts on the Trump presidency. “Globalization, rent-seeking, and regulatory capture are not unrelated to one another.”  

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Bernard Yeung

“In a System with Dominance, There is Built-In Resistance to Change”: ProMarket Interviews Bernard Yeung, Part 2

In the second part of his interview with ProMarket, Bernard Yeung—one of the economists who laid the foundations of scientific research on economic power concentration—discusses free trade, the connection between wealth and power, and why governments may actually prefer markets controlled by dominant players rather than by many competitors.  

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