Banking

Why Are There So Few Bankers on American Corporate Boards?

Relatively few American companies have bankers on their boards. New research reveals that bankers were commonly represented on corporate boards in the 19th century,...

A Former Central Banker Tells Other Central Bankers: “Stay Away From Davos”

In an interview with ProMarket, former Bank of England deputy governor Sir Paul Tucker explains why the “unelected power” of central bankers threatens our...

Editors’ Briefing: This Week in Political Economy (May 26–June 2)

Google gives up Project Maven following "terrible" backlash; angry Facebook shareholders demand an end to Mark Zuckerberg's "dictatorship"; American startups are in a 13-year slump; and Italy...

Editors’ Briefing: This Week in Political Economy (May 12-May 19)

Wells Fargo is in hot water again; President Trump reportedly pushed the US Postmaster General to double the rate that Amazon pays to ship...

The Only Game in Town: Central Banking as False Hope

To accompany Paul Tucker’s mini-course at the Stigler Center this week, we offer here an extract of the former Bank of England Deputy Governor’s...

Depositors Disciplining Banks: The Impact of Scandals

Can depositor activism make a real difference? New research set to be presented at the upcoming Stigler Center Political Economy of Finance conference examines the Dakota...

Return of the State: Banking on Diplomacy

If, as California political legend Jesse M. Unruh once quipped, “money is the mother’s milk of politicians,” it’s reasonable to expect that countries might...

Editors’ Briefing: This Week in Political Economy (April 14–April 28)

Why has Facebook’s scandal not dented its earnings? How much are states and local governments giving to corporations in economic-development incentives? And did CFPB...

Editors’ Briefing: On Our Radar This Week (March 3-March 10)

This week in political economy.     ProPublica has created a searchable database of 2,475 political appointees by the Trump administration, the result of “a year...

What Insights Do Taxi Rides Offer into Federal Reserve Leakage?

Does investment-relevant information leak from the Fed? A new Stigler Center working paper finds surprising and novel evidence in a public dataset.     One of the...

LATEST NEWS

George Stigler on Henry Simons, “Crown Prince” of the Chicago School

To mark 75 years since the passing of Henry Simons, professor of Economics and Law at the University of Chicago, ProMarket is...

Electoral College Reform: New Problems or Real Solutions?

Each electoral system creates specific incentives to (mis)allocate government resources. Would putting the National Popular Vote (NPV) in lieu of the Electoral...

When Do Users Benefit From Platform Mergers?

A new paper shows that platform mergers can harness network effects at the cost of reducing the platform differentiation that users value. 

Harold Demsetz and Israel Kirzner Understood That Competition Regulates Markets

Economists Harold Demsetz and Israel Kirzner challenged the prevailing orthodoxy in microeconomic analysis and public policy beginning with their respective work in...

The Covid-19 Pandemic Should Not Delay Actions to Prevent Anticompetitive Consolidation in US Health Care Markets

Harvard Business School professor Leemore Dafny lays out potential reforms to assist agencies in halting anticompetitive acquisitions and practices, and to preserve...