Regulatory Capture

ProMarket Interview: “The Lobbyists and the Regulators Were Really, Socially and Culturally, the Same People”

University of Connecticut’s law professor James Kwak explains the mechanisms that drive cultural capture, and why he think it is less prevalent today. In his...

ProMarket Interviews Bo Rothstein, Part II: On Strong Markets and Quality Government

In the second part of ProMarket's interview with Bo Rothstein, the Swedish political scientist discusses corruption, social trust and unions. After decades in which the...

Do Courts Have a Pro-Business Bias?

Existing evidence are not enough to determine whether courts are pro-market or pro-(incumbent)business. President Obama’s plan to nominate Judge Merrick Garland to the Supreme Court...

ProMarket Interview: Bo Rothstein on the Role of Government in Market Economies

Bo Rothstein, one of the most influential political scientists in the world today, explains how countries can become less corrupt, and why the Nordic...

“It’s Difficult to Produce Good Policy in Thin Political Markets”

Harvard Business School’s Karthik Ramanna, author of Political Standards, outlines the potential harms of thin political markets and offers ways to mitigate capture. “It’s difficult...

“There Is Regulatory Capture, But It Is By No Means Complete”

Kenneth J. Arrow, one of the most influential economists of the 20th century, reflects on the benefits of a single payer health care system,...

From Mancur Olson to Bernie Sanders

Professor George Stigler, the Nobel Laureate (1982) who in some ways invented the idea of “regulatory capture,” and Professor Mancur Olson, who developed some...

"Capture is Everywhere – It Happens at the Highest Levels of Our Democracy"

Armed with research on drug patents and a spate of internal emails from the United States Patent and Trademark Office, hedge fund manager Kyle...

Stigler Fellow of the Month: Beyond the Traditional Capture Theory

Harvard Business School's Rafael Di Tella is "Stigler Fellow of the Month". He talks about how any theory of regulation should consider the roles...

Latest news

Antitrust Misunderstands Innovation. This is how we fix it.

Antitrust misunderstands innovation by focusing almost entirely on incentives to innovate to the neglect of questions regarding the ability to innovate through...

How Should the Law Tackle Rapidly Evolving Financial Technologies?

The last half-century has witnessed an explosion of technology changing how the financial landscape functions for customers and new and legacy banking...

The Road to Hayek: A Comprehensive History of Neoliberalism’s Forefather

In their first of two volumes, historians of economics Bruce Caldwell and Hansjoerg Klausinger access new archival material to explore the first...

International Policymaking Must Evolve

In this Q&A about his new book for ProMarket, Paul Tucker explains the changing global order and the need for academics, policymakers...

Capitalism Does Not Require a Tradeoff Between Planet and Profit

Critics of capitalism claim that the economic system incorrigibly encourages the exploitation of the planet and is thus incompatible with efforts to...

Event Notes: Academic Bias Under the Microscope

That scholarship often reflects conscious and unconscious biases has long been an open secret in academia. On April 22, Professors Christian Leuz,...

Corporations Are Not “We the People”

The Citizens United ruling contradicts the Founders, decades of Supreme Court precedent and the will of the American people.