Capture

Foreign Influence Benefits Foreign Firms and Governments but the Benefits to Americans Are Less Decided

In new research, Marco Grotteria, Max Miller, and S Lakshmi Naaraayanan create and analyze a dataset of more than 12,000 FARA filings to investigate the drivers and outcomes of foreign lobbying of U.S. legislators. Their findings can help inform new laws and regulations that improve government transparency and prevent the more nefarious effects of foreign lobbying.

Carl Schmitt and the Origins of Friedrich Hayek’s Thought on Rent-Seeking

Friedrich Hayek viewed the subject of rent-seeking not from the usual welfare economics perspective, but from a constitutional economics perspective. In a new paper,...

Defense Contracts Are Going to the Best Connected, Not Necessarily the Best

In new research, Şenay Ağca and Deniz Igan use the shock of the September 11 attacks and declaration of war on Afghanistan to show...

Should We Regulate the Revolving Door of Regulators?

Is the revolving door of top regulators one of the reasons for a lack of good regulation? Based on her recent research, Elise Brezis...

Corporate Political Responsibility in a Captured Economy

Most attention on corporate governance has focused on businesses’ social responsibility. Claudine Schneider and Ed Dolan write that businesses need to take into account...

A Directorship at a Federal Reserve Bank is Good News for Banks, but May be Bad News for the Fed

Far before the collapse of SVB, I provided systematic evidence that banks appear to benefit from their directorships on Federal Reserve Banks. The fact...

Capitalisn’t: What’s in the Twitter Files and What Does It Mean?

In the March 30 episode of Capitalisn’t, Bethany McLean and Luigi Zingales discuss the Twitter Files, why so much of the mainstream media has...

Letters that Matter: How Interest Groups Shape Financial Legislation

Members of Congress are inundated with an avalanche of correspondence on a daily basis. But what persuades them to heed the call? Recent research...

Investing in Influence: Investors, Portfolio Firms, and Political Giving

A new paper examines the relationship between the rising concentration in institutional investors' ownership of publicly traded U.S. firms and portfolio companies' political giving....

Industrial Policy Is a Seductive Mirage

Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s back in...

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