Bitcoin

A Founder of the Blockchain Discusses New Research on Inherent Limitations to Bitcoin

In the latest Stigler Center working paper, Chicago Booth's Eric Budish argues that game-theoretic constraints imply there are "intrinsic economic limits to how economically...

Does the Growth of Bitcoin Have Anything to Do with Distrust of Government?

The results of the latest Financial Trust Index (FTI) survey, released last week by Chicago Booth and the Northwestern’s Kellogg School of Management, offer...

Where Will the Crypto Craze Lead? A Venture Capitalist’s View

Can individual cryptocurrencies be programmed with stability in mind and if so, could a plethora of cryptocurrencies exhibit, in the aggregate, stable behaviors? By now,...

"The Blockchain Is Going to Revolutionize Central Banking and Monetary Policy"

Will governments start using central banks to issue sovereign currency on blockchains? And if so, will that be the end of the fractional reserve...

Blockchains and Corporate Finance: “In a Blockchain Market, Shareholder Activists Might Play Much Less of a Role”

Will blockchain technology lead to less shareholder activism and higher executive compensation? Watch David Yermack’s full Stigler Center lecture on the potential implications of blockchain...

"I Expect That Within the Next 10 Years, Probably Half of the Banks Will be Gone”

Watch David Yermack's full Stigler Center lecture on the potential implications of blockchain technology for the future of finance. First part of a three-part series. In...

Could Blockchain Technology Alter the Balance of Power Within the Financial System? Q&A with David Yermack

"Blockchain technology is threatening to remake the financial system from the top down in a way that threatens the existence of all the banks,...

Stigler Center Event: David Yermack on Blockchains and the Future of Finance

Yermack, the Albert Fingerhut Professor of Finance and Business Transformation at New York University Stern School of Business, will teach a mini-course of three...

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...