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Thomas Piketty's New Book Brings Political Economy Back to Its Sources

In the same way that Capital in the Twenty-First Century transformed the way economists look at inequality, Piketty's new book Capital and Ideology will...

The Limits of Private Action: What the Past 40 Years Taught Us About the Perils of Unregulated Markets

The two big ideas that animated American public policy since the end of World War II, employer-sponsored social benefits and neoliberalism, are failures. We...

How Amazon's Pricing Policies Squeeze Sellers and Result in Higher Prices for Consumers

Amazon's price matching policies, which were meant to ensure its dominant position, diminished the ability of brands to control how their products are distributed...

The Future of Capitalism and the Utopia That Never Was

In his review of Paul Collier’s recent book The Future of Capitalism, Branko Milanovic discusses ideology, social democracy, and the "ethical world."     Paul Collier’s...

Towards the Giant Three: The Rise and Rise of the Big Three Index Funds

The Big Three index fund managers—BlackRock, Vanguard, and State Street Global Advisors—hold a significant proportion of the stock of US public companies, and they...

How Offshoring by Multinational Corporations Contributed to the Decline of US Manufacturing

The offshoring activities of multinational firms explain about one-third of the aggregate decline in US manufacturing employment, according to a new study.  Between 1990 and...

How the Adtech Market Incentivizes Profit-Driven Disinformation

If we want to solve the disinformation crisis, we need to fix the perverse incentives created by the online advertising market through structural and...

Angus Deaton: Today’s Inequalities Are Signs That Democratic Capitalism Is Under Threat

At the launch of the IFS Deaton Review, a 5-year review of rising inequalities in the UK, Sir Angus Deaton decried extreme inequality and the...

The Decline of American Journalism Is an Antitrust Problem

Weak antitrust enforcement set the stage for Facebook and Google to extract the fruits of publishers’ labor. We won’t be able to save journalism...

The Effects of Concentration in the Asset Management Industry on Stock Prices

The asset management industry has become increasingly concentrated in recent decades. Regulators are concerned about the systemic risks this may pose. Using data from...

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