We normally think of income inequality as a function of differences in class or socioeconomic status. But much more than generally realized, geographic differences are a major source of inequality as well, argue Brink Lindsey and Steven Teles in this extract from their new book The Captured Economy.
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Back in the 1960s, George Stigler called into question whether states should require firms to publicly report their financials. A recent Stigler Center working paper revisits this issue and measures the impact of the different levels of financial reporting and auditing mandates around Europe on resource allocation.
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This column on the “gun-control paradox”—the fact that gun regulations continually fail in the US Congress despite being supported by around 90 percent of US citizens—appeared in 2013 on VoxEU.org after the shooting at Sandy Hook Elementary and was republished in 2017 after the Las Vegas mass shooting. Following the Parkland mass shooting, we are republishing it with a new preface by one of the coauthors.
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This week in political economy.
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This week in political economy.
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This week in political economy.
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If you want to understand how the US economy is producing big gains for those at the top and stagnation for everybody else, the financial sector is clearly a big piece of the puzzle. Is finance really overregulated, or simply misregulated?
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A pioneering new study provides a first-of-its-kind look into the outsized effect that lobbying and political maneuverings have on health care spending.
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The history of cable and cable programming strongly suggests that without specific FCC safeguards, we can expect a massive “arms race” by providers to vertically integrate and to discriminate against unaffiliated services.
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Many of Stigler’s views on monopoly and antitrust were consistent through the decades. Even after his concerns of monopoly began to recede, he continued to believe that monopolies and oligopolies were still prevalent in the American economy and that they “should be a source of serious concern for public policy.”
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October 20 marks the 35th anniversary of George Stigler’s Nobel prize, the first of Booth School of Business’s grand total of eight Nobels. To celebrate the occasion, his longtime colleague at Chicago Booth Sam Peltzman offers a preview of the memorial lecture he’ll deliver at our November “Stigler in the 21st Century” conference.
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The IGM Center at the University of Chicago has asked its American and European economist panel to rate the main causes of the financial crisis. For both American and European economists, the main culprit of the crisis was financial regulation and supervision.
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