Inequality
Race and the Consumer Welfare Standard
The consumer welfare standard employs a collective consumer in its model when evaluating possibly anticompetitive behavior. This aggregated approach fails to recognize that such...
More than Economics, Ideology Determines US Voters’ Preferences for Redistribution
The US stands out among developed economies for its comparatively low level of redistribution as a percentage of GDP. Gustavo de Souza examines the...
Thomas Piketty On Creating A More Equal Society
In this unedited podcast conversation, economist Thomas Piketty talks to Bethany McLean and Luigi Zingales about the lessons from this movement toward equality and...
Low Wages are Less Common Today and No More Persistent
Researchers find that a smaller fraction of workers today earn low wages than at any point since the early 1980s.
Many Americans believe that wages...
Do Protests Matter At All for Shifting Government Policy Around Economic Redistribution?
New research on the effectiveness of protests on government distributions provides insights into the political incentives of a country’s leadership and the resulting economic...
Chart of the Week: Income Inequality Threatens Capitalism
A new survey of economists by the Initiative on Global Markets indicates that 67 percent agree or strongly agree that the rise in income...
Chart of the Week: Minority Underrepresentation in Local US Politics
ProMarket's first-ever Chart of the Week comes from a new paper that studies the underrepresentation gap of ethnic minorities in local US politics.
In a...
Global vs. Local: What Drives Changes in Labor’s Share of Income
A new working paper examines the relationship between competition policy and the decline in the labor share across the developed world and finds that...
The Best Political Economy Books of 2021
A scholarly examination of market’s power toll on American workers, the collected works of a pioneering economic thinker, an ambitious narrative of US economic...
Study: the Covid-19 Eviction Moratoriums Helped Reduce Food Insecurity and Mental Stress
A new study investigates the impact of 2020 Covid-19 rental eviction moratoria on the wellbeing of US households, finding that eviction moratoria across the...
