“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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Bengt Holmstrom: “I’m More Concerned About the Economic Power of the Most Valuable Companies Than Their Political Power”

In this installment of ProMarket’s new interview series, Nobel laureate Bengt Holmstrom says “this may be the right time to look at political engagement by corporations” and discusses the recent wave of populist discontent. “It is clearly a time of change and we will be forced to rethink how we can reaffirm our commitment to democracy.”  

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“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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