Raghuram Rajan: Populist Nationalism Is “the First Step Toward Crony Capitalism”

The former governor of the Reserve Bank of India discussed the “concentrated and devastating” impact that technology and trade had on blue-collar communities, the anger toward “totally discredited” elites following the 2008 financial crisis, and the subsequent rise of populist nationalism during a keynote address at the Stigler Center’s conference on the political economy of finance.   

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“There Is a Clear Perception That the European Commission Is More Active In Antitrust Than the U.S. Agencies”

In this installment of ProMarket’s interview series on concentration in America, Tommaso Valletti, the European Commission’s Chief Competition Economist, shares some thoughts on economic concentration of power in the U.S. and in Europe. “Competition authorities should invest in better understanding data markets.”  

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“Growing Evidence That Some U.S. Regulators May Value the Profits of the Incumbents They Regulate Over Consumer Welfare”

In this installment of ProMarket’s new interview series, we ask Fiona M. Scott Morton of Yale University about the effects of concentration in America and antitrust in the age of Trump. “I am concerned that there will not be one philosophy toward competition enforcement, but instead political antitrust.”   

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“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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