Interview Series: How Incomplete is the Theory of the Firm?

"Current Populist Discontent Seems Mainly Driven by a Fear of Change and Uncertainty"

In the final installment of ProMarket’s interview series on the economic theory of the firm, we ask Princeton University professor Alan Blinder and University of...

“The Sense That the System Is Rigged Relates to Governments' Failure to Address Inequality and Concentration”

In this installment of ProMarket’s interview series on the economic theory of the firm, we ask Stanford professor Anat Admati about the role of corporations and governments...

"No Mistake About it: A Revolt Against Globalization is Underway!"

In this installment of ProMarket’s new interview series, Columbia Law School’s John C. Coffee Jr. shares some thoughts on political engagement by corporations. "Milton Friedman seems...

"Political Engagement by Corporations Derives from and is Focused on Seeking Monopolistic Power"

In this installment of ProMarket’s new interview series, Harvard Business School professor emeritus Joseph Bower shares some thoughts on rent-seeking, politics, and the role of corporations...

“So Long As Corporate Managers See Their Objective as Maximizing Returns, Rent-Seeking and Regulatory Capture Will Persist”

In this installment of ProMarket’s new interview series on the economic theory of the firm, Harvard Business School professor Lynn Paine discusses the role of corporations and...

“The Ability of Companies to Subvert the Operating Rules for the Market is a Deep, Systematic, Durable Force”

In this installment of ProMarket’s new interview series, we ask Harvard Business School professor Herman "Dutch" Leonard about the involvement of corporations in politics...

“Under President Trump and the Republican Congress, Banks Will Have Even More Ability to Write Regulations That Favor Them”

In this installment of ProMarket’s new interview series on the economic theory of the firm, we ask University of Connecticut law professor and blogger James Kwak if...

Bengt Holmstrom: "I'm More Concerned About the Economic Power of the Most Valuable Companies Than Their Political Power"

In this installment of ProMarket’s new interview series, Nobel laureate Bengt Holmstrom says “this may be the right time to look at political engagement...

“Political Engagement by Corporations Would Be Far Down the List of Forces Responsible for Popular Discontent”

The third installment in ProMarket’s new interview series on the economic theory of the firm. In this installment, we ask Chicago Booth’s Steven Kaplan...

Theory of the Firm Interview Series: John Van Reenen

The second installment in ProMarket’s new interview series: Should the economic theory of the firm be modified? If so, how? In this installment, we...

LATEST NEWS

When Do Users Benefit From Platform Mergers?

A new paper shows that platform mergers can harness network effects at the cost of reducing the platform differentiation that users value. 

Harold Demsetz and Israel Kirzner Understood That Competition Regulates Markets

Economists Harold Demsetz and Israel Kirzner challenged the prevailing orthodoxy in microeconomic analysis and public policy beginning with their respective work in...

The Covid-19 Pandemic Should Not Delay Actions to Prevent Anticompetitive Consolidation in US Health Care Markets

Harvard Business School professor Leemore Dafny lays out potential reforms to assist agencies in halting anticompetitive acquisitions and practices, and to preserve...

Who Benefits From Competitive State-Level Legislatures?

A new paper finds that when interparty competition in state legislatures is high, well-connected and influential incumbent firms are best able to...

No More “Mystery Meat”: Why We Need Better Corporate Governance Data

Three decades of finance, economics, and legal studies in corporate governance have been built substantially on data sets with nearly unknown provenance....