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Commentary

An outlet for insiders to speak freely (as they remain anonymous to the reader) on what they perceive as problematic practices in their own industry – with an emphasis on how the industry tweaks the rules of the game and captures regulation.
“People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. It is impossible indeed to prevent such meetings, by any law which either could be executed, or would be consistent with liberty and justice.” Adam Smith – An Inquiry into the Nature and Causes of the Wealth of Nations (1776)

Antitrust and Competition

At the Heart of the European Commission’s Investigations of Apple Is a Basic Question: How Should Apple Make Money?

Randy Picker
Just like Spotify, Apple has amassed an installed base of users. Spotify sells its users to advertisers while Apple sells its users to app...
Commentary

Bethany McLean’s Weekend Reading List: Mortgages, Rents, and Hamilton

Bethany McLean
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.  I don't know what inning of the pandemic...
Commentary

How to Get Police Reform Done? Use Direct Democracy

John G. Matsusaka
Instead of just imploring their representatives to fix things, Americans can use the tools of direct democracy to take charge and promote meaningful policing...
Commentary

Bethany McLean’s Weekend Reading List: Mask Traders, Scientists, and the Looming Bank Collapse

Bethany McLean
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.  Where there's a need, there's a free market...um,...
Commentary

Break Up the Police

Luigi Zingales
In most cities in America, it is not the police that answers to the mayors, but the mayors to the police. The only solution...
Antitrust and Competition

AT&T’s Treatment of HBO Max Sparks Calls for Net Neutrality Rules. But Is Sector-Specific Regulation the Right Solution?

Hal Singer
Not all forms of self-preferencing should be banned, but we do need a standard by which to evaluate allegations of anticompetitive self-preferencing. Congress should...
Commentary

Are We Witnessing the Fall of the American Liberal Order?

Karthik Ramanna
In the past 30 years, liberalism has not lived up to its promise to deliver economic returns for the broad majority of society. But...
Commentary

Why Economic Predictions Are Useless Right Now

Branko Milanovic
The Covid-19 crisis is unprecedented in its global scope and open-ended, uncontrollable progress. By their very nature, the models that economists often use to...
Commentary

Bethany McLean’s Weekend Reading List: Elder Care Facilities, Twitter, and Pot

Bethany McLean
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.  Corona-free! Well, no, not...
Commentary

Bethany McLean’s Weekend Reading List: Free Money, Hospitals, and Private Equity Firms

Bethany McLean
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.  Is there actually such a thing...
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ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.