economists

We Need More Research on Corporate Corruption

The last decade has seen a continuous drumbeat of revelations of corporate corruption and the current economic crisis is sure to reveal...

“Amazon Is Getting Richer by the Moment —But There’s a Limit to How Many People Jeff Bezos Can Buy”

In an interview with ProMarket, Barry Lynn discusses the current state of American antimonopoly, what the Covid-19 crisis has taught us about...

Government Regulation is the Pro-Market Solution

The Covid-19 pandemic has utterly discredited the false dichotomy of government vs. markets. Extensive government regulation is a prerequisite for the proper...

Capitalisn’t Is Back: Can Economists and Journalists Work Together to Improve Capitalism?

Is capitalism the engine of prosperity, or is it the engine of destruction? On this podcast, we talk about the ways capitalism...

Shareholders Don’t Always Want to Maximize Shareholder Value

Oliver Hart, winner of the 2016 Nobel Prize for economics, reflects on how the world has changed since Milton Friedman published his famous essay...

Serving Shareholders Doesn’t Mean Putting Profit Above All Else

The time has come for companies, economists, and society to abandon the argument that the only responsibility of business is to maximize profits. Editor’s note:...

Friedman’s Principle, 50 Years Later

In the mid-1980s, Milton Friedman’s view that the only social responsibility of business is to increase its profits became dominant in business...

Emmanuel Farhi, Economist and Renaissance Man

Matteo Maggiori eulogizes Harvard economist Emmanuel Farhi, who passed away last month at the age of 41.

Why Economic Predictions Are Useless Right Now

The Covid-19 crisis is unprecedented in its global scope and open-ended, uncontrollable progress. By their very nature, the models that economists often...

It Is Such a Small World: The Market-Design Academic Community Evolved in a Business Network

Private equity funds such as Michael Dell's MSD Capital made hundreds of millions of dollars in profits from the 2017 FCC spectrum...

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LATEST NEWS

News

Reversing the “Resource Curse” with Foreign Corruption Regulation

Thomas Rauter

Anti-corruption regulation originating in developed countries is effective in changing corporate behavior and has a positive economic impact on developing countries.

COMMENTARIES

The Death of Hong Kong’s Rule of Law

Benny Tai

Hong Kong's rule of law has suffered a fatal blow. With the national security law, the authoritarian regime has all that it...

News

President-Elect Joe Biden and the Real Lessons of DuPont

Guy Rolnik, Roy Shapira

Simply talking corporate America into being more responsible is not enough. It may get corporations to talk the talk, but not to...

Corporate Governance

How Companies Spin Off Environmental Liabilities to Avoid Legal Obligations

David F. Larcker, Andrew Baker, Brian Tayan

Environmental externalities are vexing for corporate decision makers, but some companies have figured out a way to deal with them: a spinoff....

Coronavirus

How Pfizer’s Vaccine Announcement Demonstrates the Political Power of Firms

John M. Barrios, Luigi Zingales

By timing the disclosure of the results of its vaccine trial, Pfizer could have influenced the 2020 presidential election. This is worrisome...