economists
When Milton Friedman Sided With Keynes Over Hayek on Inflation
In an excerpt from his book Samuelson Friedman: The Battle Over the Free Market, Nicholas Wapshott explores the disagreements between Friedman and Hayek over...
The Dawn of Antitrust and the Egalitarian Roots of the Sherman Act
While it isn’t particularly controversial that concentrated economic power was a legislative target of the Sherman Act, when read as a corollary or even...
Towards a More Complete Understanding of Market Power and Consumer Harm in Antitrust Law
Antitrust law currently tends to disregard non-consumer harms and the potential influence of companies on policymaking. A new paper explores how antitrust law can...
Populism at the FTC Upsets the Antitrust Religion of Consumer Welfare: A Reply to Sokol and Wickelgren
Institutional change, on any fundamental level, will have those that seek to defend the status quo up in arms. But in order to effectively...
How to Fix the Courts’ Misuse of Economics
Economics has a valuable role to play in antitrust enforcement, but the courts often base their antitrust decisions on unfounded empirical claims or the...
The Chicago Planning Program and the Interdisciplinary Tradition of the Chicago School
The Chicago Planning Program, an interdisciplinary program that operated at the University of Chicago between 1947 and 1956, is an often-neglected part of the...
The Unintended Economist: How Thorstein Veblen Pivoted From Philosophy to Economics
In an excerpt from his book Veblen: The Making of an Economist Who Unmade Economics, Charles Camic explores the connection between Thorstein Veblen’s economic...
The Invention of Economic Growth: The Forgotten Origins of Gross Domestic Product in American Institutionalist Economics
Contemporary critiques of GDP’s role in policymaking see it as an ideological abstraction, emblematic of neoliberalism, that misrepresents “real” economic conditions. What these critiques...
Cogs and Monsters: Is Economics Destined to Remain a Dismal Science?
In her bold new book Cogs and Monsters: What Economics Is, and What It Should Be, Cambridge professor Diane Coyle offers a road map...
Academic Gatekeepers, Real and Imagined, Are Threatening the Credibility of the Field of Political Finance
One objective of political finance is to hold power to account. However, gatekeeping, both direct and indirect, is keeping important work from being conducted...
