Robert A. Margo
Robert A. Margo is Professor of Economics, Department of Economics, at Boston University; and a Research Associate of the National Bureau of Economic Research. He received his Ph.D. from Harvard University in 1982. From 1981 to 1986 he taught at the University of Pennsylvania. In 1987 he moved to Colgate University where he held the Banfi Vintners’ Distinguished Professorship in American Economic History. From 1989 to 2005 he taught at Vanderbilt University. Margo has been a visiting professor at Harvard University and at Bard College, and a Visiting Scholar at the Russell Sage Foundation in New York City. A specialist in the history of the American economy with particular emphasis on the economic history of African-Americans, Margo is the author, co-author or co-editor of 6 books and 170+ articles, book chapters and book reviews. He has served on the editorial boards of many journals, including the Journal of Economic History, the American Economic Review, and the Quarterly Journal of Economics; and he has served as editor or co-editor of the Southern Economic Journal and of Explorations in Economic History. Margo was elected a Fellow of the Cliometric Society in 2012 and he served as President of the Economic History Association in 2014-15. In 2018 he received the Provost’s Scholar-Teacher of the Year Award, one of Boston University’s highest honors, and in 2019 he was named a Fellow of the Economic History Association.
Commentary
The Intellectual Family Tree of Nobel Winner Claudia Goldin
Robert Margo discusses the influences of his colleague and recent Nobel Prize-winning economist Claudia Goldin, as well as her influence on other scholars.
Latest news
Regulation
Why Have Uninsured Depositors Become De Facto Insured?
Due to a change in how the FDIC resolves failed banks, uninsured deposits have become de facto insured. Not only is this dangerous for risk in the banking system, it is not what Congress intends the FDIC to do, writes Michael Ohlrogge.
Antitrust and Competition
Merger Law Reaches Acquirer Incentives and Private Equity Strategies
Steven C. Salop argues that Section 7 of the Clayton Act prohibits mergers in which the acquiring firm’s unilateral incentives and business strategy are likely to lessen market competition.
Antitrust and Competition
Tim Wu Responds to Letter by Former Agency Chief Economists
Former special assistant to the president for technology and competition policy Tim Wu responds to the November 27 letter signed by former chief economists at the Federal Trade Commission and Justice Department Antitrust Division calling for a separation of the legal and economic analysis in the draft Merger Guidelines.
Book Reviews
Can the Public Moderate Social Media?
ProMarket student editor Surya Gowda reviews the arguments made by Paul Gowder in his new book, The Networked Leviathan: For Democratic Platforms.
Income Inequality
Uninhibited Campaign Donations Risks Creating Oligarchy
In new research, Valentino Larcinese and Alberto Parmigiani find that the 1986 Reagan tax cuts led to greater campaign spending from wealthy individuals, who benefited the most from this policy. The authors argue that a very permissive system of political finance, combined with the erosion of tax progressivity, created the conditions for the mutual reinforcement of economic and political disparities. The result was an inequality spiral hardly compatible with democratic ideals.
ESG, Corporate Governance & Future of the Firm
Did the Meme Stock Revolution Actually Change Anything?
Many financial commentators thought that the surge of retail investors participating in the stock market, the most notable of whom boosted “meme stocks” like GameStop, would democratize corporate governance and improve prosocial firm behavior, including the promotion of environmental, social, and governance (ESG) goals. In new research, Dhruv Aggarwal, Albert H. Choi, and Yoon-Ho Alex Lee find evidence that the exact opposite took place.
Antitrust and Competition
The Kroger-Albertsons Merger Will Not Help Grocery Competition
Kroger and Albertsons say they need to merge to compete with Walmart. Claire Kelloway argues that what they really want is Walmart’s monopsony power, and permitting mergers on these grounds will only harm suppliers, workers, and consumers.
