Capture

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 Real Lesson From Brexit

A widespread mistrust of experts can lead to political decisions, like Brexit, that might have negative consequences for the very people who vote for them. How...

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...

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,...

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