economists
A Famed Economist’s Public Company U-Turn
Michael Jensen, a leading late 20th century economist, pivoted from praising public companies in the 1970s to assailing public company governance in the 1980s and 1990s. Disappointment that corporate executives did much to thwart takeover activity prompted Jensen’s 180-degree turn.
Chart of the Week: Concentration in Ticket-Selling Market Produces Costly Outcomes
Economists overwhelmingly agree that the lack of competition in the market for ticket-selling intermediaries leads to attendees paying more, according to a recent survey...
Chart of the Week: Economists Don’t Think Congress Should Make Price Gouging Illegal
Most economists disagree with a new bill in the US that would set limits on "unconscionably excessive prices," according to a recent survey from...
Neoliberal Economists Are Giving Biden Bad Advice on Inflation
To spare the economy from the pain of further interest rate hikes, the President should aggressively pursue anticompetitive conduct by companies in concentrated industries...
The Passive Mechanisms of Common Ownership
A new paper explores the conundrum that common ownership poses for antitrust enforcers and competition and corporate scholars and sheds light on the distinctive...
DOJ Antitrust Head Jonathan Kanter: “We Are Making It Very Clear: We’re Going to Hold Individuals Accountable”
In an interview with ProMarket, assistant attorney general Jonathan Kanter, head of the Department of Justice’s antitrust division, explains why he believes that the...
Top Ukrainian Economist Asks West to Cut Off Russian Technology
Tymofiy Mylovanov, Ukraine’s former Minister of Economic Development, Trade and Agriculture and current president of the Kyiv School of Economics, appeared on the Stigler...
Inflation, Corporate Power, and the Forgotten New Deal
A forgotten aspect of the New Deal is that it took place amid inflation and rising prices. Contemporary debates over inflation and whether corporate greed has a...
Why Jean Fourastié’s Theory of Economic Development is Still Relevant Today
In 1949, the innovative French economist and policymaker Jean Fourastié introduced a theory of growth and technological development that economists could still use today,...
What Economists Mean When They Say “Consumer Welfare Standard”
Though coined by academic economists, the term “consumer welfare standard” has been captured and changed by the economic school of thought known as the...
