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Income Inequality

Income Inequality

Why Democracy Fails to Reduce Inequality: Blame the Brahmin Left

Asher Schechter
A new paper by Thomas Piketty finds that major parties on both sides of the political spectrum have been captured by elites and warns...
Income Inequality

Baldwin on Globalization: “A Lot of the Narrative Is Based on the US as If It Were the Whole World”

Samantha Eyler-Driscoll
Richard Baldwin, professor of international trade at the Graduate Institute of Geneva and editor-in-chief of VoxEU.org, talks to ProMarket about the convergence between the...
Income Inequality

“Globalization Has Contributed to Tearing Societies Apart”

Asher Schechter
In an interview with ProMarket, Harvard economist Dani Rodrik explained where globalization went wrong, how trade agreements serve rent-seeking by politically well-connected firms, and...
ESG, Corporate Governance & Future of the Firm

Investing in Quality Early Childcare Is Good for Vulnerable Kids—and Good Economics, Too


Rafael Lalive
Early childcare can be a major contributor to eliminating inequality of opportunity and even lay the foundations for a more productive workforce in the...
Income Inequality

Angus Deaton on the Under-Discussed Driver of Inequality in America: “It’s Easier for Rent-Seekers to Affect Policy Here Than In Much of Europe”

Asher Schechter
In an interview with ProMarket, Nobel Prize-winning economist Angus Deaton talks about the connection of rent-seeking and monopolization to rising inequality. In December, the United...
Income Inequality

Who Are the Top 1 Percent in America? The Answer from New Research Might Surprise You

Samantha Eyler-Driscoll
A new paper challenges Thomas Piketty’s portrayal of an income distribution dominated at the top by passive rentiers who do nothing to earn their money,...
Antitrust and Competition

UN Study Warns: Growing Economic Concentration Leads to “Rentier Capitalism”

Asher Schechter
A new study by the United Nations Conference on Trade and Development argues: The “endemic rent-seeking that stems from market concentration, heightened corporate power,...
Antitrust and Competition

Is There a Connection Between Market Concentration and the Rise in Inequality?

Asher Schechter
A Stigler Center panel debates: Is rising inequality connected to monopolies, rent-seeking, and concentration? The rise in wealth and income inequality has been at the forefront of...
Antitrust and Competition

Market Power and Inequality: How Big Should Antitrust’s Role Be in Reducing Inequality?

Asher Schechter
Is the rise of wealth inequality in the United States related to a decline in competition? A new paper answers in the affirmative. Is the...
Antitrust and Competition

Is More Antitrust the Answer to Rising Wealth Inequality?

Asher Schechter
University of Michigan professor Daniel Crane: “The story that somehow antitrust law is dead, that it’s been killed, is wrong. It hasn’t. It’s very...
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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.