Bo Rothstein, one of the most influential political scientists in the world today, explains how countries can become less corrupt, and why the Nordic model is successful. The first of a two-part interview.
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Alan Rusbridger is Gone from The Guardian, But Is There Still a Business Model for Independent Journalism?
Many people like to think of media as another market where competition drives innovation, quality, and integrity. But this is not always the case.
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Alan Rusbridger: “The Level of Scrutiny That the Press Would Apply to its Own Failures is Minimal”
ProMarket interview: Alan Rusbridger, former editor-in-chief of The Guardian, on media capture.
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“It’s Difficult to Produce Good Policy in Thin Political Markets”
Harvard Business School’s Karthik Ramanna, author of Political Standards, outlines the potential harms of thin political markets and offers ways to mitigate capture. “It’s difficult to produce good policy in thin political markets if you accept the normative implications of the current economic theory of the firm.”
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Is There a Crisis in the Economic Theory of the Firm? Participants at Harvard Business School Conference Agree: Firms Try to Change the Rules of the Game
A novel conference at Harvard Business School brought together top scholars in order to answer the question: Is Milton Friedman’s dictum that firms that maximize shareholder value maximize social value as well still relevant in a post-Citizens United world?
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“What We Have is Capture of the Regulators’ Minds, A Much More Sophisticated Form of Capture Than Putting Money in Their Pockets”
Barry C. Lynn, author and director of New America’s Open Markets program, explains how every major industry and marketplace in America came to be controlled by a single, monolithic player.
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“The United States Has Lost the Will and Ability to Prosecute Top Corporate Executives”
Pulitzer-Prize winning journalist Jesse Eisinger speaks about executive impunity and the key to justice in America.
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The True Price of Media Capture: “We’ll Be Living in a State of Perpetual Shock and Amazement”
Journalist and media critic Dean Starkman, author of The Watchdog That Didn’t Bark, speaks about capture in business media and explains how journalists missed the financial crisis, and why they are almost certain to miss the next one as well.
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“There Is Regulatory Capture, But It Is By No Means Complete”
Kenneth J. Arrow, one of the most influential economists of the 20th century, reflects on the benefits of a single payer health care system, the role of government and regulatory capture.
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The Insider’s Guide to the Regulatory Game: Anonymous Source in the Pharma Industry in a Series of Columns on the Inner Workings of the Industry
Sitting across the table from me was Brad (not his real name), a top sales representative at a large pharmaceutical company. I asked him about the receipts for over $2000 in gift certificates to a Michelin star restaurant, expensed to the company, that were lying on the table.
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From Mancur Olson to Bernie Sanders
Professor George Stigler, the Nobel Laureate (1982) who in some ways invented the idea of “regulatory capture,” and Professor Mancur Olson, who developed some of the most important ideas of “public choice,” are not around anymore. If they were alive today, they would probably be surprised to learn that the first politician in recent U.S. history to take their advice seriously and challenge them is a self-described socialist.
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“Capture is Everywhere – It Happens at the Highest Levels of Our Democracy”
Armed with research on drug patents and a spate of internal emails from the United States Patent and Trademark Office, hedge fund manager Kyle Bass attacks pharma regulation.
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