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The blog of the Stigler Center at the University of Chicago Booth School of Business

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Facebook Is a Threat to Democracy — and the US Has a Responsibility to Rein It In

Posted on February 6, 2019 by Roger McNamee

Facebook and Google have failed at self-regulation. If we want to avoid an authoritarian future, we need to reduce the influence of internet platforms, writes early Facebook investor Roger McNamee, author of the new book Zucked.   

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Antitrust and Competition

“In the Wake of the 2008 Crisis, You Can’t Ignore the Influence of Big Business on Economic Policy”

Posted on October 18, 2018 by Asher Schechter

Historian and author Adam Tooze talks to ProMarket about how the financial crisis “remade” American capitalism, why the US response to the crisis was “nakedly oligopolistic,” and how Europe could have solved its own crisis if it had an organized oligopoly of its own.  

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Antitrust and Competition / Regulatory Capture

Democracy and Economic Growth: New Evidence

Posted on February 6, 2018 by Daron Acemoğlu, Suresh Naidu, James Robinson, and Pascual Restre

Democracy sees higher GDP due to greater civil liberties, economic reform, increased investment and government capacity, and reduced social conflict.  

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Money in Politics

What’s Capitalism Got Going for It—and Against It? A New Podcast, Capitalisn’t, Tallies the Score

Posted on December 28, 2017 by ProMarket writers

“Capitalism is the engine of prosperity.” “Capitalism sows the seeds of its own demise.” Could both things be true? Economists Kate Waldock and Luigi Zingales mull the answers in the new Stigler Center/CBR podcast Capitalisn’t.  

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Media

“There Are Good Grounds for Being Very Cynical About Western Elites”

Posted on October 12, 2017 by Asher Schechter

Ahead of his visit to the Stigler Center on October 25, Edward Luce, Washington columnist for the Financial Times and author of The Retreat of Western Liberalism, talks to ProMarket about the reasons for the weakening of Western liberal democracies.  

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Money in Politics

“In Just About Every Generation, Many People Thought the American Republic was on the Verge of Collapse”

Posted on September 27, 2017 by Guy Rolnik

The second installment of our two-part interview with Harvard Business School professor David Moss about his recent book Democracy: A Case Study. “One of the reasons that the most dire warnings have never come true, except in one case, is precisely because our predecessors worried about them so much.”  

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Money in Politics

Can “Productive Tensions” Save American Democracy Again?

Posted on September 11, 2017 by Guy Rolnik

This is the first installment of a two-part interview we had with David Moss about his recently published book Democracy: A Case Study, which contains 19 case studies covering 223 years of American political conflicts and crises.  

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Money in Politics

Is Direct Democracy Better Able to Withstand the Influence of Special Interests?

Posted on May 24, 2017 by Asher Schechter

A new Stigler Center working paper looks into the effects of referendums and public initiatives on public policy and finds that direct democracy better represents the will of the majority, and therefore might also be better able to counteract the power of special interests over policymaking.   

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Regulatory Capture

Stigler Center Lecture: Is American Democracy in Trouble?

Posted on February 15, 2017 by ProMarket writers

David Moss, the Paul Whiton Cherington Professor at Harvard Business School, will examine the health of American democracy from a historical perspective. 

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Money in Politics

 

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What We’re Reading

Google Is Ending Forced Arbitration. Don’t Expect Your Own Employer To Follow Suit. - [Huff Post] 02.22.19

 

Tax Law Helped Boost 2018 Bank Profits to Record Level - [Wall Street Journal] 02.22.19

 

Jeffrey Skilling, Former Enron Chief, Released After 12 Years in Prison - [The New York Times] 02.22.19

 

Apple, Goldman Sachs Team Up on Credit Card Paired With iPhone - [Wall Street Journal] 02.22.19

 

Dollars on Margins - [The New York Times] 02.22.19

 

New York Is Better Off Without Amazon, Because the Era of Big Corporate Campuses Should Be Over - [Fast Company] 02.22.19

 

New York Is Better Off Without Amazon, Because the Era of Big Corporate Campuses Should Be Over - [Fast Company] 02.22.19

 

You Give Apps Sensitive Personal Information. Then They Tell Facebook - [Wall Street Journal] 02.22.19

 

Sackler Embraced Plan to Conceal OxyContin’s Strength From Doctors, Sealed Testimony Shows - [ProPublica] 02.21.19

 

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    • The Road to Digital Serfdom? The Visible Hand of Surveillance Capitalism February 22, 2019
    • The Anticompetitive Effects of Low Interest Rates February 21, 2019
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