Eugene F. Fama
Eugene F. Fama is the Robert R. McCormick Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. Fama, the 2013 Nobel laureate in economic sciences, is widely recognized as the "father of modern finance." He is strongly identified with research on markets, particularly the efficient markets hypothesis. He focuses much of his research on the relation between risk and expected return and its implications for portfolio management. His work has transformed the way finance is viewed and conducted.
Friedman 50 Years Later
Market Forces Already Address ESG Issues and the Issues Raised by Stakeholder Capitalism
When do market forces push firms toward stakeholder goals, rather than just shareholder goals? When do market forces push firms toward ESG...
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Antitrust and Competition
Antitrust and Rule by Judges
The early-1980s Posner-Stigler memorandum to incoming president Reagan’s transition team is interesting for a host of reasons, but most of all in...
Antitrust and Competition
Should the European Union Require Tech Firms to Adopt a Common Charger?
According to a new European Commission directive expected to be approved in the next few months, tech firms will have to use...
News
Chart of the Week: Economists Don’t Think Congress Should Make Price Gouging Illegal
Most economists disagree with a new bill in the US that would set limits on "unconscionably excessive prices," according to a recent...
Antitrust and Competition
Neoliberal Economists Are Giving Biden Bad Advice on Inflation
To spare the economy from the pain of further interest rate hikes, the President should aggressively pursue anticompetitive conduct by companies in...
Antitrust and Competition
How Would the Big Tech Self-Preferencing Bill Affect Users?
The Senate looks to be nearing a vote on the American Innovation and Choice Online Act, which would prohibit gatekeeping digital platforms...
News
New eBook Revisits George Stigler’s Theory of Regulatory Capture 50 Years Later
To mark the 50-year anniversary of George Stigler’s seminal piece, “The Theory of Economic Regulation” we are publishing a new eBook examining...
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Firms Gerrymander Ownership of Polluting Plants to Reap Public and Regulatory Benefits
New research has discovered that many companies who appear to sell, or ‘divest,’ their toxic plants, actually retain relationships with their buyers....
