regulatory capture

Wells Fargo and the Failure of Boards and Regulators

Two new reports concerning the Wells Fargo scandal suggest that the bank's senior management, its board of directors, and the regulators all knew about the bank's...

I Was a Whistleblower. The Fed Is Not Doing Enough to Fix Wall Street’s Culture of Fear

Deutsche Bank whistleblower Eric Ben-Artzi, who publicly rejected a multimillion dollar award from the Securities and Exchange Commission this summer, writes about the failure...

How Many Newt Gingrich's Are There in Washington? Much More Than You Might Think

As more and more lobbyists move to consulting and PR agencies, experts say the underworld of hidden lobbying is probably much bigger than what formal...

Richard Posner: “The Real Corruption Is the Ownership of Congress by the Rich”

In a keynote interview during the Stigler Center’s conference on concentration in America, Judge Posner said: “You are not going to have people competing with...

Conference: Is There a Concentration Problem in America?

On March 27-29, the Stigler Center will host a first-of-its-kind, three-day conference on the question of concentration in the U.S. economy that will bring...

Does Regulation Build Trust or Entrench Cliques? Lessons From Merchant Guilds and the Taxi Industry

Close-knit networks, like guilds and taxi associations, are helpful in enhancing trust and reliability. Yet they can also become exclusive and rent-seeking. Last May,...

Uber, the Mayor’s Private Email, and the Underground Lobbying Complex

The recent revelations regarding the interactions between Chicago mayor Rahm Emanuel and former Uber executive and Obama adviser David Plouffe suggest that the real action in...

“Under President Trump and the Republican Congress, Banks Will Have Even More Ability to Write Regulations That Favor Them”

In this installment of ProMarket’s new interview series on the economic theory of the firm, we ask University of Connecticut law professor and blogger James Kwak if...

Interview Series: How Incomplete is the Theory of the Firm? Q&A with Daniel Carpenter

Should the economic theory of the firm be modified? If so, how? In March, the Stigler Center at the University of Chicago Booth School...

“In a System with Dominance, There is Built-In Resistance to Change”: ProMarket Interviews Bernard Yeung, Part 2

In the second part of his interview with ProMarket, Bernard Yeung—one of the economists who laid the foundations of scientific research on economic power...

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