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.
News
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...
Latest news
Event Notes
Event Notes: “China’s Political Economy” in Review
The Stigler Center's "China Political Economy" webinar series returns Thursday, February 9. Here's a reminder of what we covered in our first...
Economic History
To Build an Equitable Economy, We Must Understand Capitalism’s Racist Heritage
American capitalism was built on racial exploitation, from the enslavement of Black people to institutionalized discrimination and its structural impact on our...
Industrial Policy
How To Ensure Industrial Policy Promotes Public Over Private Gain
Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s...
Fiscal Policy
More than Economics, Ideology Determines US Voters’ Preferences for Redistribution
The US stands out among developed economies for its comparatively low level of redistribution as a percentage of GDP. Gustavo de Souza...
Research
Stakeholder Motivations for “Private Sanctions” Against Russia
As the war in Ukraine enters its second year, a new study measures stakeholders’ desire to see their firms exit Russia and...
Big Tech
The Wicked Problem Embodied by The Twitter Files
In response to a recent ProMarket post about the Twitter Files, professor Tom Ginsburg points out that the toughest question lies in...
News
Study Shows Universal Bank Trades Are Informed by Private Commercial Borrower Information
New research by Rainer Haselmann, Christian Leuz, and Sebastian Schreiber finds evidence suggesting that German banks with commercial lending relationships improve their...