rent seeking
How Denmark Got to Denmark: The Role of Landed Elites in Development
For most people the idea of landed elites conjures up images of aristocrats sipping tea while enjoying the proceeds of the labors of the...
Angus Deaton on the Under-Discussed Driver of Inequality in America: “It’s Easier for Rent-Seekers to Affect Policy Here Than In Much of Europe”
In an interview with ProMarket, Nobel Prize-winning economist Angus Deaton talks about the connection of rent-seeking and monopolization to rising inequality.
In December, the United...
The Rate of Return on Everything
A new paper purports to have finally unlocked the mystery of the rate of return on capital. Here the authors report on their research on...
Where Will the Crypto Craze Lead? A Venture Capitalist’s View
Can individual cryptocurrencies be programmed with stability in mind and if so, could a plethora of cryptocurrencies exhibit, in the aggregate, stable behaviors?
By now,...
Wondering How Your Financial Advisors Rank for Misconduct? There’s a Web App for That
A new site created by ProMarket board member Amit Seru (Stanford) and co-authors Mark Egan (Harvard) and Gregor Matvos (UT Austin) offers free data and...
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...
Who Are the Top 1 Percent in America? The Answer from New Research Might Surprise You
A new paper challenges Thomas Piketty’s portrayal of an income distribution dominated at the top by passive rentiers who do nothing to earn their money,...
Mickey Mouse Turns 89 This Week—But Will He Ever Appear in the Public Domain?
Walt Disney Co.’s efforts to protect its copyright over the famous anthropomorphic mouse are the subject of a new Stigler Center case study.
This Sunday...
A Tale of Two Cities: Hamburg and Lübeck
The German cities of Hamburg and Lübeck have an interwoven and eventful history. Whereas Lübeck offers an example of how dominant cities may become unattractive...
How Medical Licensing Drives Up Health Care Prices
The role of licensing in driving up health care costs has been almost completely ignored. The apparent explanation is that nobody can imagine that...
