In an interview with ProMarket, Glen Weyl, co-author of the wildly ambitious (and wildly controversial) new book Radical Markets: Uprooting Capitalism and Democracy for a Just Society, talks about antitrust, data as labor, and why he thinks the free market system is not actually free. “The entire business community has been speaking with one voice in the common interest of capital as a class,” he says.
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George Mason University faces controversy over its relationship with donors; the former CEO of Volkswagen is charged in relation to the company’s diesel emissions cheating scandal; and are Google and Facebook already trying to undermine Europe’s new privacy rules?
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The Committee on Internet Platforms Regulation, proposed Zingales would be comprised of academics and experts on the industry.
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It is not every day that economists can identify a market where consumers are significantly better off after large price increases. Nonetheless, a new working paper by Ellison and Ellison proposes and substantiates a model of the online market for used books that—thanks to improved buyer-seller matches made possible by new search technologies—finds exactly that.
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Why has Facebook’s scandal not dented its earnings? How much are states and local governments giving to corporations in economic-development incentives? And did CFPB head Mick Mulvaney really say “the swampiest thing ever”?
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