Trump Administration

The Big Picture: Clientelism, Plutocracy, and Democratization

Why is the electoral process not enough to rid nations of pathological political distortions such as cronyism and corruption?   This is the second installment of ProMarket’s...

The Value of Access: How Closeness to the Obama White House Benefited Companies

Between January 2009 and December 2015, White House officials met with corporate CEOs 2,286 times. A new study, to be presented at the upcoming Stigler Center...

Trump and Sinclair's Art of the Deal

Donald Trump is actually a boon for many media outlets. Consider, for instance, the case of Sinclair's TV and radio stations that supported him throughout his...

“There Is No Indication That Trump Is Pro-Competition”

A new paper by economists Steven C. Salop and Carl Shapiro explores what antitrust might look like under President Trump. In an interview with...

"No Mistake About it: A Revolt Against Globalization is Underway!"

In this installment of ProMarket’s new interview series, Columbia Law School’s John C. Coffee Jr. shares some thoughts on political engagement by corporations. "Milton Friedman seems...

"Political Engagement by Corporations Derives from and is Focused on Seeking Monopolistic Power"

In this installment of ProMarket’s new interview series, Harvard Business School professor emeritus Joseph Bower shares some thoughts on rent-seeking, politics, and the role of corporations...

“So Long As Corporate Managers See Their Objective as Maximizing Returns, Rent-Seeking and Regulatory Capture Will Persist”

In this installment of ProMarket’s new interview series on the economic theory of the firm, Harvard Business School professor Lynn Paine discusses the role of corporations and...

“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...

Executive Orders, Judicial Orders, and the Rule of Law

What does President Trump’s executive order on immigration and its aftermath mean for the rule of law? What does President Trump’s executive order on immigration—and...

LATEST NEWS

President-Elect Joe Biden and the Real Lessons of DuPont

Simply talking corporate America into being more responsible is not enough. It may get corporations to talk the talk, but not to...

How Companies Spin Off Environmental Liabilities to Avoid Legal Obligations

Environmental externalities are vexing for corporate decision makers, but some companies have figured out a way to deal with them: a spinoff....

How Pfizer’s Vaccine Announcement Demonstrates the Political Power of Firms

By timing the disclosure of the results of its vaccine trial, Pfizer could have influenced the 2020 presidential election. This is worrisome...

The Useful Distraction of Section 230

How the red-herring of a politicized Section 230 and “conservative censorship” distracts from a bipartisan national privacy act.

Institution Man: How Corporations Came to Dominate the US Economy

In the first chapter of his book Transaction Man, Nicholas Lemann explores how Adolf Berle, author of The Modern Corporation and Private...