economists
Aaron Director and the Empirical Foundation for the Chicago Attitude on Antitrust
Empirical evidence, not just disembodied theory, was an important building block of Director’s view that competition could defeat concentration, writes Daniel Kuehn.
Editor's note: Aaron...
A Fair Amount of Freedom for Everyone: Aaron Director Did Have Ideals
David Henderson of the Hoover Institution defends the legacy of Aaron Director, the most enigmatic among the founders of the so-called "Chicago School." Director, argues...
How Powerful Ideas Can Shape Society: Aaron Director and the Triumph of Nihilism
The rise of giants like Amazon and Facebook proves the long-lasting influence of Director's approach. His intellectual and political legacy is the transition of...
The Cost of America’s Oligopoly Problem
An innovative new study finds substantial, increasing deadweight losses resulting from oligopolistic behavior and points to the important role that startup acquisitions—particularly by large...
Call for Papers: Academic Lobbying
Ahead of our fourth annual Theory of the Firm conference, we are soliciting papers dedicated to the topic of academic lobbying.
Three years ago,...
Thomas Piketty's New Book Brings Political Economy Back to Its Sources
In the same way that Capital in the Twenty-First Century transformed the way economists look at inequality, Piketty's new book Capital and Ideology will...
The Limits of Private Action: What the Past 40 Years Taught Us About the Perils of Unregulated Markets
The two big ideas that animated American public policy since the end of World War II, employer-sponsored social benefits and neoliberalism, are failures. We...
The Future of Capitalism and the Utopia That Never Was
In his review of Paul Collier’s recent book The Future of Capitalism, Branko Milanovic discusses ideology, social democracy, and the "ethical world."
Paul Collier’s...
Dear Graduates, Here’s What You Can Do to Change Capitalism For the Better
Delivering UChicago’s 532nd Convocation address, Luigi Zingales advised young graduates to embrace their power as consumers, workers, and citizens and fight corporate monopolies.
Dear...
Protecting the Independence and Integrity of Research: Introducing the Academic Capture Warning System
Inappropriate financial donor influence at institutions of higher education appears to be on the rise and risks eroding public trust in academic research. In...
