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Commentary

An outlet for insiders to speak freely (as they remain anonymous to the reader) on what they perceive as problematic practices in their own industry – with an emphasis on how the industry tweaks the rules of the game and captures regulation.
“People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices. It is impossible indeed to prevent such meetings, by any law which either could be executed, or would be consistent with liberty and justice.” Adam Smith – An Inquiry into the Nature and Causes of the Wealth of Nations (1776)

Commentary

Sanders Is Leading the Democratic Primaries, but Don't Bet on an Open Convention

David Lawsky
Bernie Sanders is a polarizing front-runner, but there are many reasons to believe the Democratic convention this summer is unlikely to repeat the drama...
Commentary

Do Top Economics Journals Hold Female-Authored Papers to Higher Standards?

Erin Hengel
Articles written by male economists are cited less than articles published by women in the same journals, a new study on gender and quality...
Commentary

“Is the Market Actually Efficient? No, It Is Only a Very Powerful Narrative”

Christoph Gisiger
A conversation with Nobel Prize laureate Robert Shiller on his new book, Narrative Economics: "Economists do not study narratives systematically, but they shape the...
Academic Capture

Uber’s “Academic Research” Program: How to Use Famous Economists to Spread Corporate Narratives

Hubert Horan
Uber's employees co-authored academic papers with brand name scholars that were then used to back the company's PR and lobbying strategy. Published in respected...
Commentary

Bethany McLean's Weekend Reading List: Google’s Secrets, Banking, and Boeing

Bethany McLean
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.    I think I've been reading too many...
Academic Capture

Political Economy, Blind Spots, and a Challenge to Academics

Anat Admati
Anat Admati calls on economists and academics to engage with governance and political economy issues, scrutinize models before applying them to the real world,...
Commentary

Bethany McLean's Weekend Reading List: the SEC, Tesla, and California's Housing Crisis

Bethany McLean
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.    One of my ongoing obsessions is the...
Commentary

Bethany McLean's Weekend Reading List: Pension Problems, Funky Accounting, and Elon Musk

Bethany McLean
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean  My three picks this week deal with...
Commentary

Esther Duflo: How to Find the Right Questions

Esther Duflo
In this piece, originally published in 2011 by the American Economic Association's Committee on the Status of Women in the Economics Profession, Esther Duflo, co-recipient of...
Commentary

With the US and China, Two Types of Capitalism Are Competing With Each Other

Branko Milanovic
Capitalism’s global victory has been achieved through two different types of capitalist systems: the liberal meritocratic capitalism that has developed incrementally in the West,...
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ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.