Regulation
Restoring Antimonopoly Through Bright-Line Rules
The “consumer welfare” approach to antimonopoly is the main contributor to the extreme and dangerous concentrations of power that Americans face today. In place...
When We Outsource Privacy Compliance, We May Undermine Privacy Protection
Privacy law is currently being shaped and implemented by a new industry of third-party tech vendors. These companies code their own interpretations of privacy...
The Anticompetitive Effects of Current Capital Regulation
Some features of the capital regulation that was designed to increase the safety of the financial system may have unintended consequences on the competitive...
The Greatest Anticompetitive Threat of Our Time: Fixing the Horizontal Shareholding Problem
Undisputed empirical studies confirm that horizontal shareholding poses a great anticompetitive threat. What can antitrust enforcers do about it? Quite a lot, in fact.
Editors'...
Ten Years After the Financial Crisis: “We Are Safer, But Not As Safe As We Should and Could Be”
Experts from academia and industry gathered at the University of Oxford to revisit what went wrong in the run-up to the 2008 financial crisis,...
Loose Policies Around Close Elections Highlight the Political Limits of Macroprudential Regulation
What can policymakers do to prevent future financial crises? An emerging consensus holds that so-called macroprudential regulation is key: policies that aim to mitigate...
Editors’ Briefing: This Week in Political Economy (August 18–25)
America’s white-collar prosecution crisis; Elizabeth Warren has a new bill that aims to separate money from politics; Facebook struggles with the daunting task of...
A Former Central Banker Tells Other Central Bankers: “Stay Away From Davos”
In an interview with ProMarket, former Bank of England deputy governor Sir Paul Tucker explains why the “unelected power” of central bankers threatens our...
With Amex Ruling, Modern IO Theory Makes Important Inroads with SCOTUS
SCOTUS Forum. In this second post in our roundtable of op-eds on the Supreme Court’s June 25 Amex decision, UChicago’s Randy Picker looks at...
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...
