regulatory capture
Productivity, Inequality, and Economic Rents
Curbing excessive economic rents might bolster productivity and address rising inequality.
Productivity growth—a necessary (though not sufficient) condition for rising incomes in the long run—has...
ProMarket Interview: Alan Blinder on Over-Regulating Financial Markets
In order to get optimal regulation in the financial world, says Alan Blinder, the former Vice Chair of the Federal Reserve, one should seek...
The Attacks on RBI Governor Raghuram Rajan: Lessons from Stanley Fischer as a Central Banker
India and Israel show that fighting crony capitalism in countries where a small group of people has huge political and financial influence is sometimes...
ProMarket Interview: “The Lobbyists and the Regulators Were Really, Socially and Culturally, the Same People”
University of Connecticut’s law professor James Kwak explains the mechanisms that drive cultural capture, and why he think it is less prevalent today.
In his...
ProMarket Interview: Bo Rothstein on the Role of Government in Market Economies
Bo Rothstein, one of the most influential political scientists in the world today, explains how countries can become less corrupt, and why the Nordic...
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.
The following...
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.
In 2003, Rebekah Wade (now Brooks), the former editor of the British tabloid...
“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...
Is There a Crisis in the Economic Theory of the Firm? Participants at Harvard Business School Conference Agree: Firms Try to Change the Rules...
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...
“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...
