Banking

Do People Think Finance Benefits Society?

A new paper seeks to measure popular sentiment toward finance based on mentions of “finance” in millions of books, spanning eight languages...

“This Crisis Is Different: the Coronavirus Is a Social Disease Which We Need to Tackle as a Community”

In an extensive interview, former Governor of the Reserve Bank of India and Chicago Booth professor Raghuram Rajan discusses the pandemic's impact on financial...

Over 60 Leading Finance Economists Ask SEC to Revise the Shareholder Voting Draft Reform

The new regulation that Security and Exchange Commissioners voted in November doesn't fix proxy advisory industry duopoly problems, but it actually makes them worse:...

“The Question Is Whether We Live in a Democracy or a Corporate State”

In an interview with ProMarket, Goliath author Matt Stoller discusses the political choices that led to the downfall of the American antimonopoly movement and the “addiction to...

Bethany McLean's Weekend Reading List: Google’s Secrets, Banking, and Boeing

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean. I think I've been reading too many...

How Antimonopoly Was Revitalized, Part 2: Barack Obama and the End of the End of History

In this second installment of his three-part series on antitrust’s recent resurrection, Matt Stoller discusses the legacy of Obama’s presidency. The real policy for...

Ten Years After the Financial Crisis: “We Are Safer, But Not As Safe As We Should and Could Be”

Experts from academia and industry gathered at the University of Oxford to revisit what went wrong in the run-up to the 2008 financial crisis,...

“In the Wake of the 2008 Crisis, You Can't Ignore the Influence of Big Business on Economic Policy”

Historian and author Adam Tooze talks to ProMarket about how the financial crisis “remade” American capitalism, why the US response to the crisis was...

Editors’ Briefing: This Week in Political Economy (September 7–16)

Is the government's response to the 2008 financial crisis responsible for the rise of populism in the US and Europe?; the real Google censorship...

Loose Policies Around Close Elections Highlight the Political Limits of Macroprudential Regulation

What can policymakers do to prevent future financial crises? An emerging consensus holds that so-called macroprudential regulation is key: policies that aim to mitigate...

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LATEST NEWS

Inequality

Most Americans Consider Themselves Middle-Class. But Are They?

Jeffrey Wenger, Melanie Zaber

There are different ways of determining who should be considered middle-class. But there is one thing they have in common: all reveal...

Antitrust and Competition

Barriers to Entry as Another Source of Top Income Inequality

Philippe Aghion, Céline Antonin, Simon Bunel

A new book, The Power of Creative Destruction, explores how lobbying contributes to the increase in the top 1 percent’s share of...

Media

ProMarket Reader Survey: We Want Your Feedback

ProMarket writers

As ProMarket enters its sixth year of operation, we would like to understand what you, our readers, like about it and what...

Corporate Governance

What Stakeholder Capitalism Can Learn From Jensen and Meckling

Alex Edmans

Jensen and Meckling’s 1976 article is an academic classic, but heavily criticized by stakeholder capitalists for arguing that corporate structures should be...

Commentary

How Twitter Weakened India’s Information Ecosystem

Prateek Raj

India’s Covid-19 crisis is a reminder that Indian democracy is also in a crisis, partly due to an information ecosystem where facts...