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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

Unsettled: What is the Economic Impact of Climate Change?

Steven Koonin
In his book Unsettled: What Climate Science Tells Us, What It Doesn’t, and Why It Matters, Steven Koonin explores misconceptions and shortcomings in the media's...
Antitrust and Competition

Big Tech’s Tightening Grip On Internet Speech

Gregory M. Dickinson
Social media platforms have so transformed American life that many now view online speech as a right of citizenship—a right to be protected against...
Antitrust and Competition

Why Privacy Experts Need a Place at the Antitrust Table

Cristina Caffarra
Antitrust enforcers have tended to stay narrowly “in their lane,” failing to engage with how data is collected and used by digital giants and...
Commentary

The Many Faces of Stigler’s Theory of Economic Regulation: Interest Group Politics Still Thrives—But Industry Often Comes Second

Richard Epstein
Stigler treats industry groups as the heavyweights in regulatory contests. But surprisingly often groups of farmers and workers knock them for a loop in...
Antitrust and Competition

In FTC vs. Facebook, the Government Lost the First Round. It Could Still Win the Fight.

John Newman
Despite some compelling allegations, a federal judge dismissed the FTC's antitrust complaint against Facebook due to the agency’s failure to explain how it calculated...
Commentary

The Incoming Currency War

Luigi Zingales
Four powerful forces—cryptocurrencies, the decoupling of geographical and monetary boundaries, ad-based digital platforms’ foray into the world of payments, and the value of data—are...
Antitrust and Competition

Charting a Path Forward for College Athletes to Receive Pay

Jhacova Williams
How should colleges pay their student-athletes? A likely model lies with another group of university students, who like near-pro athletes receive tuition waivers, health...
Commentary

George Stigler’s Errors and Their Virtues

Daniel Carpenter
George Stigler might have been wrong in his essay on economic regulation, but his influence is undeniable. The unity of purpose in his writings...
Antitrust and Competition

The House’s Recent Spate of Antitrust Bills Would Change Big Tech as We Know It

Randy Picker
If enacted, the five bills that were introduced in the House this month would represent the most dramatic statutory changes to US antitrust law...
Antitrust and Competition

Congress’ Antitrust War On China and American Consumers

Herbert Hovenkamp
The latest bills currently debated in Congress regarding Big Tech—the US Innovation and Competition Act that was passed by the Senate this month and...
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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.