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Luigi Zingales: Why I Decided to Invite Steve Bannon to Speak at the University of Chicago

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A statement from University of Chicago Booth School of Business Professor and Stigler Center Director Luigi Zingales.

As a university our primary mission is to form new citizens of the world. As a business school our primary mission is to form new business leaders of the world. I can hardly think of a more important issue for new citizens and business leaders of the world than the backlash against globalization and immigration that is taking place not just in America, but in all the Western world. At the University of Chicago, we have some of the best economic minds of the planet. It is our civic duty to engage them in finding the causes of this backlash and in trying to address them. Whether you agree with him or not (and I personally do not), Mr. Bannon has come to interpret and represent this backlash in America. For this reason, I invited Mr. Bannon to a debate on these issues with our faculty. I firmly believe that the current problems in America cannot be solved by demonizing those who think differently, but by addressing the causes of their dissatisfaction. Hate cannot be defeated by hate, but only by reason.

Disclaimer: The ProMarket blog is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Blog Policy. 

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Luigi Zingales is the Robert C. Mc Cormack Distinguished Service Professor of Entrepreneurship and Finance at the University of Chicago - Booth School of Business. He is a Research Associate of the National Bureau of Economic Research, a Research Fellow of the Center for Economic Policy Research, and a Fellow of the European Corporate Governance Institute. His research interests span from corporate governance to financial development, from political economy to the economic effects of culture. He has published extensively in the major economics and financial journals. In 2003, Zingales received the Bernacer Prize for the best European young financial economist. In 2013 he has been named founding director of the Center for Economic Analysis of the PCAOB. In 2014 he served as President of the American Finance Association. He is co-author with Raghuram G. Rajan of “Saving Capitalism from the Capitalists” (2003) and author of “A Capitalism for the People: Recapturing the Lost Genius of American Prosperity” (2012). His latest book is “Europa o no” (2014).

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