capture

An excerpt from Mehrsa Baradaran's new book, The Quiet Coup: Neoliberalism and the Looting of America, out now.

The supply of accountants in the United States is in serious decline due to the American Institute of Certified Public Accountants’ decision in 1988 to raise entry requirements. Ray Ball argues that the rule change did not improve the quality or productivity of newly licensed accountants, but instead reflected the incentives of the Institute’s members to reduce entry to increase their own salaries.

Why has antitrust enforcement declined in the United States since the 1970s? Is it due to the preferences of voters, business influence, or an alternative explanation altogether? In this symposium, Jonathan Baker, Eleanor Fox, and Herbert Hovenkamp discuss the findings of Filippo Lancieri, Eric Posner, and Luigi Zingales’ new paper, “The Political Economy of the Decline of Antitrust Enforcement in the United States.” In this article, Baker critiques the big business capture theory the authors develop and suggests an alternative “settlement” theory to explain the shift toward weaker antitrust enforcement that began in the 1970s.

At this trying time, there is a particularly high demand for reliable and trustworthy information. To address this demand by Booth students, alumni, faculty,...

The Stigler Center’s 2020 Antitrust and Competition Conference will discuss the interconnection between monopolies and politics. Our pre-conference Webinar Series explores the extent to which firms can leverage...

The failures to hold the founding families of Korean conglomerates accountable for crimes undermined the rule of law and the corporation system, which are...

A growing number of studies provide evidence that editors (and referees) of academic journals often publish only findings showing a significant effect or surprising...

Many fear that the potential for well-paid post-elective jobs can make legislators give rewards to their future employers. A new study finds that career...

The rise of giants like Amazon and Facebook proves the long-lasting influence of Director's approach. His intellectual and political legacy is the transition...