Democracy

What Saved American Democracy from Donald Trump?

Despite President Donald Trump's attempts to undermine it, the American democracy seems to have survived. We now need to analyze more closely...

Here Is What American History Can Teach Us About the Interplay Between Free Speech and Democracy

The United States has a long and unfortunate history of overreacting in moments of perceived crisis. Time and again, we have suppressed...

Jimmy Lai: “Hong Kong Will Eventually Be Like China, Plagued by Corruption”

In an interview with ProMarket, Hong Kong media tycoon and pro-democracy activist Jimmy Lai discussed his legal troubles, the roots of his...

Liberal Democracies Have a Duty to Respond to China’s New National Security Law

According to China’s sweeping new national security law, European citizens who argue in favor of self-determination for Hong Kong in their home...

Hong Kong’s Crisis and the Turn Toward Extraterritorial Law

China's new National Security Law, as well as its increasing reliance on law as a mode of repression, reflect important shifts in...

How to Get Police Reform Done? Use Direct Democracy

Instead of just imploring their representatives to fix things, Americans can use the tools of direct democracy to take charge and promote...

Are We Witnessing the Fall of the American Liberal Order?

In the past 30 years, liberalism has not lived up to its promise to deliver economic returns for the broad majority of...

Piketty on the Covid-19 Crisis: “It Is High Time to Use This Opportunity to Counter the Dominant Ideology and Significantly Reduce Inequality”

In an interview with ProMarket, Thomas Piketty speaks about his new book, the role of ideology as a driver of inequality, and...

The World After Covid-19: Inequality Within Rich Countries Will Increase, Globalization Will Reverse, Politics Will Remain Turbulent

The negative effects of the crisis on growth will be very strong. But it will not affect everyone in the same way. If the...

How Allowing a Little Bit of Dissent Helps the Chinese Government Control Social Media

A new study on three major social networks in China finds that tolerating small, relatively free platforms helps the Chinese government maintain sufficiently high...

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LATEST NEWS

Capitalisn't

The Aristocracy of Talent: Business Intelligence

Adrian Wooldridge

In the following excerpt from his new book, The Aristocracy of Talent: How Meritocracy Made the Modern World, Adrian Wooldridge traces "how universities...

Antitrust and Competition

Why Privacy Experts Need a Place at the Antitrust Table

Cristina Caffarra, Johnny Ryan

Antitrust enforcers have tended to stay narrowly “in their lane,” failing to engage with how data is collected and used by digital...

News

Assessing George Stigler’s Economic Theory of Regulation

Cary Coglianese

Despite its flaws and limitations, Stigler’s seminal article on the theory of economic regulation remains an important piece of scholarship worthy of...

Economic History Series

“Old Chicago” and Freiburg: Why Ordoliberalism Was No “German Oddity”

Stefan Kolev, Ekkehard A. Köhler

Both the Chicago and Freiburg schools faced systemic fragility as the crucial property of societal orders. It was this fragility that served...

Commentary

The Many Faces of Stigler’s Theory of Economic Regulation: Interest Group Politics Still Thrives—But Industry Often Comes Second

Richard Epstein

Stigler treats industry groups as the heavyweights in regulatory contests. But surprisingly often groups of farmers and workers knock them for a...