special interest groups

How Do Members of Congress React to the Potential of Lucrative Private Sector Employment?

Many fear that the potential for well-paid post-elective jobs can make legislators give rewards to their future employers. A new study finds that career...

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...

Is Direct Democracy Better Able to Withstand the Influence of Special Interests?

A new Stigler Center working paper looks into the effects of referendums and public initiatives on public policy and finds that direct democracy better...

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...

Donald Trump’s Economic Policies: Pro-Business, Not Pro-Market

Trump is eliminating lobbyists by putting them in charge of all departments. After his election,1 it was...

Democracy Against Domination: Overcoming Economic Power and Regulatory Failure in the New Gilded Age

The financial crisis—and the limits of our regulatory response to the crash—offer important lessons for our broader understandings of how to conceptualize and institutionalize...

Are Special Interests Dooming the Euro to Fail?

As the Eurozone struggles to stave off a lingering economic crisis, four economists debate the measures necessary to ensure its survival and what’s preventing...

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: “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...

Study: Journalists’ Fear of Appearing Biased Benefits Special Interests

New study that looks into the media coverage of climate change finds that special interest groups often take advantage of journalists’ desire to present...

LATEST NEWS

Opening the Black Box: The Hidden Costs of Data-Driven Mergers in Health Care

Vertical data-driven mergers between health insurers and drug suppliers may facilitate health insurers’ efforts to discriminate against vulnerable populations, leaving them without...

Most Americans Consider Themselves Middle-Class. But Are They?

There are different ways of determining who should be considered middle-class. But there is one thing they have in common: all reveal...

Barriers to Entry as Another Source of Top Income Inequality

A new book, The Power of Creative Destruction, explores how lobbying contributes to the increase in the top 1 percent’s share of...

ProMarket Reader Survey: We Want Your Feedback

As ProMarket enters its sixth year of operation, we would like to understand what you, our readers, like about it and what...

What Stakeholder Capitalism Can Learn From Jensen and Meckling

Jensen and Meckling’s 1976 article is an academic classic, but heavily criticized by stakeholder capitalists for arguing that corporate structures should be...
  1. This post was originally published in Il Sole 24 Ore.[]