Moritz Schularick
Moritz Schularick is Professor of Economics at Sciences Po and the University of Bonn, an elected member of the Academy of Sciences of Berlin-Brandenburg, and a Research Fellow of the Centre for Economic Policy Research. Previously, he taught at the Free University of Berlin and was a Visiting Professor at New York University and Cambridge University. His research interests include macroeconomics, international finance, and economic history. Working at the intersection of economic history and macroeconomics, his research has been published in the American Economic Review, the Quarterly Journal of Economics, the Journal of Political Economy, the Review of Economic Studies, and several other journals.
Populism
The Historical Cost of Populism
Most work on populism has investigated the reasons why voters choose populist leaders and governments. In new research, Moritz Schularick, Christoph Trebesch,...
Income Inequality
Wealth Inequality in America: A Race Between the Stock and the Housing Market
Booming stock markets and the collapse of house prices in the aftermath of the 2008 financial crisis have increased wealth inequality in the US...
Rent seeking
The Rate of Return on Everything
A new paper purports to have finally unlocked the mystery of the rate of return on capital. Here the authors report on their research on...
Latest news
Income Inequality
Income Inequality May Worsen the Spread of Infectious Disease
Income inequality may exacerbate the spread of infectious diseases. In a new paper, Jay Bhattacharya, Joydeep Bhattacharya, and Min Kyong Kim examine the relationship between income inequality and the incidence and prevalence of tuberculosis across countries.
Antitrust and Competition
The Classic Theory of Albert O. Hirschman Argues Against the US Chamber’s Case for Non-Competes
Drawing on the theory of Albert O. Hirschman’s Exit, Voice, and Loyalty, Brian Callaci argues non-compete clauses stifle the important channels of communication between employees and businesses necessary for improving firm competitiveness. The evidence also shows that, despite claims from businesses, non-competes harm rather than reward employees for their loyalty.Â
Antitrust and Competition
AI For the Antitrust Regulator
Cary Coglianese lays out the potential, and the considerations, for antitrust regulators to use machine learning and artificial intelligence algorithms.
Antitrust and Competition
Creation over Time in Copyright and Patent
On May 18, the United States Supreme Court decided two intellectual property cases with two seemingly different results. A closer look, however, reveals a complimentary concern with the monopolistic power of first movers and how the legal system should enable innovation from second movers over time, writes Randy Picker.
Event Notes
ESG Standards’ Good, Bad and Ugly
The Stigler Center for the Study of the Economy and the State hosted a virtual event discussing the standards, metrics and disclosures of investments focused on Environmental, Social and Governance (ESG) goals. The following is a transcript of the event.
Commentary
Reregulate.
Lee Hepner and William J. McGee respond to Clifford Winston’s ProMarket piece asserting that further deregulation of the airline industry would resolve problems in the industry. Instead, the authors claim a return to regulation would produce better results for travelers.
Antitrust and Competition
A World With Far Fewer Mergers
Brooke Fox and Walter Frick analyze research and ideas presented at the Stigler Center Antitrust and Competition Conference that question the value of mergers.
