Regulatory Capture

The Elusiveness of Regulatory Capture

Regulatory capture is hard to pin down, its elusiveness stemming from four principal factors. Nearly everyone sees regulatory capture – and rightly disdains it. And...

Regulatory Capture is Not “Inevitable”

“Capture” has become a self-fulfilling prophecy of economists who turn their students into sure-to-fail regulators. A Wall Street Journal editorial asserted the “inevitability” of...

Prosecuting Corporate Criminals

Prosecutions of individual corporate criminals can, in fact, be successful—and are critical for attaining justice. It is difficult to escape the inference that the Great...

Regulatory Capture, Ancient and Modern

Regulatory capture's antecedents in political thought—which date back to ancient Greece—inform the modern concept. Until recently, the term regulatory capture seemed stale, a mid-20th century...

Making it Look Like a Struggle

 For capture to be sustainable, the regulator has to find ways to be perceived as being tough on the regulated without really hurting them. The...

Preventing Regulatory Capture

When a regulation’s benefits exceed its costs, simplicity and interdisciplinary processes are essential to reducing capture. Regulatory capture arises when regulatory decisions advance private interests...

Challenges in Measuring Regulatory Capture

We as a society have failed to settle upon what we think are the measurements, the correlates, the red flags, and the warning signs...

Fighting Regulatory Capture in the 21st Century

It should come as no surprise that the movement against regulatory capture is gaining momentum at this particular moment in our nation’s history. It is...

The 'Argumentum a Crise': So Powerful, So Prone to Misuse

Since the financial crisis and the related euro debt crisis, the use of the argumentum a crise has been ubiquitous. A more selective use...

The Attacks on RBI Governor Raghuram Rajan: Lessons from Stanley Fischer as a Central Banker

India and Israel show that fighting crony capitalism in countries where a small group of people has huge political and financial influence is sometimes...

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New Research Shows The Breakup of IG Farben Increased Innovation

IG Farben used to be the world’s largest chemical company and a major innovator—until it was broken up in one of the...

Why Streaming Doesn’t Pay

An excerpt from a new book, Chokepoint Capitalism: How Big Tech and Big Content Captured Creative Labor Markets and How We'll Win...

Democratize Work

An excerpt from a new book, Democratize Work: The Case for Reorganizing the Economy, advocates democratizing firms and decommodifying work.

Antitrust Enforcement, Inflation and Corporate Greed: What do we know?

At a recent Centre for Economic Policy Research (CEPR) event, panelists, including the Stigler Center's own Luigi Zingales, reflected on the roles...

Data is Abundant But is it Accessible to Researchers?

Despite the wide availability of data, ensuring independent access to data sources has never been more crucial. How can researchers engage in...

Private Labels in Online Marketplaces

On their store shelves, Walmart has its own products under the "Great Value” brand, and Tesco has its own “Everyday Value” products....

Bolsonaro’s reelection may become a setback for ESG in Brazil

Social pressures, market forces and elected leaders influence corporate decisions on environmental, social and governance (ESG) issues. Journalist Stephanie Tondo examines the...