money in politics

Does Market Power Lead to Political Power?

A Stigler Center webinar explores what would be the foundations of a political and economic system that might be more resilient to...

Recovering from Kleptocracy: A 10-Step Program

In his book Ill Winds: Saving Democracy from Russian Rage, Chinese Ambition, and American Complacency, Larry Diamond highlights 10 steps to close existing loopholes...

Market Power and Money in Politics

A Stigler Center webinar explores how businesses lobby and compete for political power and whether mergers and industry concentration affect lobbying.

Is Corporate Personhood to Blame for Money in Politics?

Just because corporations are “legal persons” doesn’t mean that they should get all of the same rights as human persons. Yet over...

How American Corporations Used Courts and the Constitution to Avoid Government Regulation

Since the early days of the Republic, corporations have turned the Constitution itself into a shield against unwanted regulation of the economy....

Systemic Corruption in America Spans Political Parties

In an interview with ProMarket, Sarah Chayes, author of the book On Corruption in America, discussed corruption in the US and how...

The Best Political Economy Books of 2020

A travelogue of monopoly, the dangers of elite impunity, and the relevance of John Maynard Keynes: here are (in no particular order)...

“Doubt is Their Product”: The Difference Between Research and Academic Lobbying

Tommaso Valletti, the former Chief Competition Economist of the European Commission, reflects on the intersection of academic economics and policymaking and offers...

Does a CEO Have a Duty to Lobby?

We need not only more disclosure, but also more work in alerting people in general (and students in particular) about the distortive effects of...

A New Stigler Center Case Study Explores the Link Between Italy’s Morandi Bridge Disaster and Crony Capitalism

Two years ago, the Morandi bridge collapse claimed 43 lives. Based on financial statements, Italian government documents, and interviews with independent experts...

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LATEST NEWS

Capitalisn't

The Aristocracy of Talent: Business Intelligence

Adrian Wooldridge

In the following excerpt from his new book, The Aristocracy of Talent: How Meritocracy Made the Modern World, Adrian Wooldridge traces "how universities...

Antitrust and Competition

Why Privacy Experts Need a Place at the Antitrust Table

Cristina Caffarra, Johnny Ryan

Antitrust enforcers have tended to stay narrowly “in their lane,” failing to engage with how data is collected and used by digital...

News

Assessing George Stigler’s Economic Theory of Regulation

Cary Coglianese

Despite its flaws and limitations, Stigler’s seminal article on the theory of economic regulation remains an important piece of scholarship worthy of...

Economic History Series

“Old Chicago” and Freiburg: Why Ordoliberalism Was No “German Oddity”

Stefan Kolev, Ekkehard A. Köhler

Both the Chicago and Freiburg schools faced systemic fragility as the crucial property of societal orders. It was this fragility that served...

Commentary

The Many Faces of Stigler’s Theory of Economic Regulation: Interest Group Politics Still Thrives—But Industry Often Comes Second

Richard Epstein

Stigler treats industry groups as the heavyweights in regulatory contests. But surprisingly often groups of farmers and workers knock them for a...