regulatory capture
Why the US Government Buys Overpriced Services From McKinsey
The Industrial Funding Fee pays $3 million a year for a 23-year old McKinsey employee instead of hiring an experienced person directly to do...
The Rise of the Opioids: How Purdue Invented New Markets for OxyContin
Purdue's strategy was to market its opioids directly to patients via brochures, videos, advertisements, and the internet. It also provided information to doctors and...
Who Benefits When State Governments Award Incentives to Politically-Connected Companies?
A new study finds that a company is nearly four times more likely to receive an economic incentive in a state where the company...
Purdue Circumvented the Regulator to Promote OxyContin, Hiding Its Real Risk of Addiction
In 2001, the Food and Drug Administration required Purdue to change OxyContin’s patient package inserts to make addiction risks more evident. The company altered...
“The Question Is Whether We Live in a Democracy or a Corporate State”
In an interview with ProMarket, Goliath author Matt Stoller discusses the political choices that led to the downfall of the American antimonopoly movement and the “addiction to...
"You Can Put the Monopoly Tiger in a Cage but You Cannot Transform a Tiger Into a Vegan"
In an extensive interview with the Swiss news website TheMarket.ch, Luigi Zingales discusses ways to deal with Big Tech and the impact of the...
Economics Podcast Recommendations: Esther Duflo on Poverty, James Robinson on Development, and Cesar Hidalgo on Chile
ProMarket’s picks for the best podcasts covering economics, finance, and political economy.
HBR Ideacast: Esther Duflo
In this episode of the Harvard Business Review's weekly HBR...
Thomas Piketty, Chile's Political Chaos, and How to Change Capitalism for the Better: ProMarket’s Top Stories of 2019
As 2019 draws to a close, we look back at ProMarket’s most-read and most-widely shared stories of the past year.
Thomas Piketty’s long-anticipated follow-up to...
The Best Political Economy Books of 2019
A history of American antimonopoly, the case against Big Tech, and how Europe got better than the US at free markets: here are (in no...
OxyContin's Academic Marketing: The Studies That Fueled the Opioid Crisis
Purdue Pharmaceuticals used to cite three major studies to argue that in prescribing OxyContin, addiction-risk was not significant. The most influential of those studies...
