Corporate Governance

The Surprising Failure Of Food Labeling

If lawmakers want to improve the dietary choices of Americans, the first thing they need to recognize is that the problem is not information. (Note:...

Who Killed Corporate Reputation?

Regulation and reputation are not independent of each other. Regulation can substitute, crowd out, or even implement the power of reputational concerns. A better understanding...

Raghuram Rajan Unexpectedly Leaves RBI

In an unexpected move that will likely reverberate throughout India’s political system and financial sector, Rajan announced he will not seek a second term...

“If Uber Was a Government Program, There Would be Parades Thrown”: David Plouffe on Uber, Regulation, and Disruption

Uber’s chief advisor in a conversation with Chicago Booth professor Guy Rolnik: “We’re called a disruptive company—I think it’s more accurate to call us...

RBI Governor Rajan’s Fight Against Crony Capitalism

The Governor of India’s Central Bank, Raghuram Rajan, is attacked for fighting the inefficiency of the banking system.  In any country in the world, a...

A Moment To Reform Accounting Rulemaking?

The European Parliament is due to formally adopt a cross-party report that is strongly critical of accounting standard-setting institutions, in particular the International Accounting...

Alan Rusbridger is Gone from The Guardian, But Is There Still a Business Model for Independent Journalism?

Many people like to think of media as another market where competition drives innovation, quality, and integrity. But this is not always the case. The following...

Are Newspapers Captured by Banks? Evidence From Italy

The inaugural piece of a new ProMarket mini-paper series. Preamble In the intellectual debate there is a gap between academic papers and policy opinions, even those...

Who are the 30 Worst Brokers in America When Measured By Misconduct?

The ProMarket blog seeks to provide indexes that make markets work better. The data on brokers’ misconduct supplied by FINRA is very detailed, but...

Why Most Boards Fail

A Stigler Center panel debate examines the impact of activist shareholders and the role of dissenting board members. Corporate governance has seen some substantial reforms...

LATEST NEWS

How Political Conflict Shapes Macroeconomics: Alberto Alesina’s Intellectual Legacy

One of the most respected economists of his generation, Harvard professor Alberto Alesina suddenly died at 63. His friend and colleague Guido...

“Alberto Alesina Always Knew Where The Big Ideas Were”

Harvard economist Alberto Alesina passed away at 63. Paola Giuliano, UCLA professor and Alesina's co-author, recalls his intellectual and human legacy: "He...

Bethany McLean’s Weekend Reading List: Fracking, Germs, and the Global Financial Crisis

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean. 

We Need More Respectful and Inclusive Experiments in Development Economics: A Proposal

After many years of field research in Uganda, three economists outline how to prevent a powerful research tool such as randomized...

Indecent Proposals in Economics: The Moral Problem With Randomized Trial Experiments

The advent of field Randomised Control Trials (RCTs) has made it more acceptable for applied economists to collect data in developing countries....