Labor
70 Years of US Corporate Profits
A new Stigler Center working paper shows that after decades of decline, profits started increasing in the early 1980s.
Financial profit is ostensibly the...
Can Credit Tightening Spur Social Unrest? Evidence from 1930s China
In 1933 the United States launched its Silver Purchase program, which raised silver prices worldwide, drained China’s silver stock, and caused credit to Chinese...
Glen Weyl: "The Very Structure of Capitalism Is Inherently Monopolistic"
In an interview with ProMarket, Glen Weyl, co-author of the wildly ambitious (and wildly controversial) new book Radical Markets: Uprooting Capitalism and Democracy for a...
Data Workers of the World, Unite!
With solutions to the threats of digital monopolies currently looking unlikely to come from the state, law and economics scholars Eric Posner and Glen...
Do Firms Use Capital and Labor Efficiently? Evidence and Implications of Resource Misallocation
Economists have for a decade or so theorized that moving productive inputs like labor and capital into the firms that make the best use...
Strong Employers and Weak Employees: Study Sheds New Light on How Labor Market Concentration Hurts Workers
New study finds that wages are significantly lower in concentrated labor markets—and even lower in labor markets where unionization rates are low.
America’s decades-long wage...
To Help Workers Adjust to Technological Change, First Pinpoint Where It Is Happening
Changes in technology clearly affect people in different sectors and occupations differently, but providing adequate policy support to workers trying to adjust to these...
Editors’ Briefing: On Our Radar This Week (Jan. 29–Feb. 2)
This week in political economy.
As cities across America continue to compete for Amazon’s second headquarters, Federal Reserve Bank of Minneapolis President Neel Kashkari...
New Study Shows Just How Bad the US Labor Market’s Competition Problem Really Is
In recent decades, antitrust policy has all but ignored the issue of monopsony power. Yet a new paper shows that across the US economy,...
Antitrust in the Labor Market: Protectionist, or Pro-Competitive?
Redirecting antitrust enforcement to confront monopsony power would be a substantial departure from the way it has been conducted in recent decades, but just...
