Editors’ Briefing: This Week in Political Economy (August 25–September 1)

As Trump ramps up his attacks on Google, Sen. Orrin Hatch asks the FTC to revisit its investigation of the company; as Facebook finally takes action on Myanmar, US campaign strategists reportedly gear up to flood the social network with inflammatory ads; and why are doctors and hospital groups organizing to oppose single-payer health care in California?  

Read more

The Foundation of Corporate Personhood: A Look at the Charles River Bridge Case of 1837

Some 130 years before Friedman could begin arguing that a corporation’s sole responsibility was to make a profit for its shareholders, Boston’s Charles River Bridge Company had to convince the Supreme Court that corporations were private entities whose interests could diverge from the public interest. While it lost that case, the partial success of the Charles River Bridge Company’s reasoning with the court laid the foundations for corporate personhood as it exists today.  

Read more

How China’s Anti-Corruption Campaign Is Moving Financing Away from State-Owned Enterprises

Are anti-corruption reforms effective in reducing economic rent seeking and constraining the influence of special interests? New research from Tsinghua University PBC School of Finance finds that anti-corruption investigations in China are associated with credit reallocation from less productive state-owned enterprises (SOEs) to more productive non-SOEs. The series of investigations constitute staggered events to identify the causal impact of anti-corruption reforms on bank financing.

Read more
1 2 3 7