regulatory capture

Editors’ Briefing: On Our Radar This Week (Jan. 29–Feb. 2)

This week in political economy.   As cities across America continue to compete for Amazon’s second headquarters, Federal Reserve Bank of Minneapolis President Neel Kashkari...

Are Google and Facebook Monopolies?

Chicago Booth’s Luigi Zingales and George Mason University’s Tyler Cowen discuss the market power wielded by digital platforms, and how to promote competition.         Google and...

The Other World Bank Scandal: A New Study Documents How Corporate Collusion Hurts the Bank’s Credibility—and Harms Sustainable Development

While the World Bank scrambles to contain the Doing Business rankings firestorm, a new paper by Rabia Malik and Randall Stone traces a more...

Editors’ Briefing: On Our Radar This Week (Jan. 13–20)

This week in political economy.        The backlash against big tech that began in 2017 continues in earnest. The Economist’s cover story this week: “How to...

New Study Shows Just How Bad the US Labor Market’s Competition Problem Really Is

In recent decades, antitrust policy has all but ignored the issue of monopsony power. Yet a new paper shows that across the US economy,...

Editors’ Briefing: On Our Radar This Week (Jan. 5–13)

This week in political economy.      Facebook is embarking on a radical overhaul of its news feed, emphasizing status updates from friends and family and...

Editors’ Briefing: On Our Radar This Week (Dec. 16–22)

This week in political economy.        Eric Schmidt is stepping down as executive chairman of Alphabet, the parent company of Google. Schmidt, who joined Google...

How Regulation Subsidizes Big Finance

If you want to understand how the US economy is producing big gains for those at the top and stagnation for everybody else, the...

George Stigler and How Freshwater Economics Won the Day

Colleagues and protégés reminisce about the late George Stigler and his impact on the development of economic thought.     Since they first rose to mainstream prominence in the...

The "Secret" Driver of US Health Care Costs: Politicians Wanting to Get Reelected

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.     Americans spend significantly more...

LATEST NEWS

Prison Labor Can Create Perverse Incentives for Incarceration and Reduce Trust in Legal Institutions

Government proponents of prison labor should be mindful of the potential for negative effects, including increased incarceration rates and citizens’ deteriorating views...

Bethany McLean’s Weekend Reading List: Robinhood, Quibi, and Corporate America’s Addiction to Debt

Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean. 

How Germany Managed to Outlaw Facebook’s Core Business Model

In a surprise ruling last month, the German Federal Court of Justice determined that Facebook must comply with an earlier decision by...

Tailoring Lockdowns for Developing Countries

The Covid-19 pandemic has decimated livelihoods in developing nations, and coronavirus-related deaths are rising in Africa and South Asia at an alarming...

Why Most Advertisers Can’t Afford to Boycott Facebook

While big brands can afford to pause their addiction to Facebook, most advertisers cannot participate, as they have become so dependent on...