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Inequality

Inequality

The End of the Capitalist-Worker Dichotomy and the Rise of a New Elite?

Yonatan Berman, Branko Milanovic
Economists typically assume that capitalists and workers are different people. A new study, however, finds that the intersection between the top decile...
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Coronavirus

Covid-19 Aggravates Existing Income, Gender, and Race Inequalities, and Further Increases Political Divisions

Marianne Bertrand, Guglielmo Briscese, Maddalena Grignani, Salma Nassar
Seventy percent of Americans know someone who tested positive; one in five know someone who died from coronavirus, survey shows.
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Coronavirus

Angus Deaton: “There’s Something Clearly Wrong With Our Corporate System, in Which Pharmaceutical Companies Are Allowed to Kill People for Money”

Asher Schechter
In an interview with ProMarket, Nobel Prize-winning economist Angus Deaton outlined what he believes the incoming Biden administration should do: introduce price...
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Antitrust and Competition

Antitrust as Economic Stimulus

Hal Singer, Marshall Steinbaum
By attacking power imbalances, competition policy can steer income to workers and independent merchants who are more inclined to spend than monopoly...
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Inequality

To Make a Difference, Businesses Must Have a Stake in Social Missions

Ofer Eldar
Despite their promises to change the world for the better and remedy social ills, the truth is that corporations are rarely designed...
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Inequality

A $2.5 Trillion Question: What If Incomes Grew Like GDP Did?

Kathryn Edwards, Carter C. Price
Per capita GDP in the US grew 118 percent over the past 43 years. At the bottom 25th percentile, real income for...
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Inequality

The Economic Costs of Discriminating Against Top Talent: Insights From Nazi Germany

Kilian Huber
A new study looks at the discrimination of Jewish managers in Germany in the 1930s and shows how the rise of a...
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Antitrust and Competition

Monopolies: Silent Spreaders of Poverty and Economic Inequality

James A. Schmitz Jr., David Fettig
The Covid-19 crisis has exposed the vast inequalities that exist within the US economy. Monopoly power should be at the top of...
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Antitrust and Competition

The Monopoly Harms That Antitrust Keeps Missing

Hal Singer
In his new book Monopolized, journalist David Dayen tells the stories of individuals who have suffered at the hands of monopolists, showing...
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Inequality

Police Stops of Black Drivers Increase Following Trump Rallies, New Study Suggests 

Pauline Grosjean, Federico Masera, Hasin Yousaf
A new study looks into how Trump's 2016 presidential campaign affected police behavior toward Black Americans and finds that the probability that...
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Latest news

News

Delaware: The State Where Companies Can Vote

Hal Weitzman
Adapted from What’s the Matter with Delaware: How the First State Has Favored the Rich, Powerful, and Criminal—and How It Costs Us...
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Antitrust and Competition

The NCAA Goes After College Athletes’ NIL Money—Here are the Antitrust Implications for Workers and Consumers

Ted Tatos
Having lost in the Supreme Court on student-athlete academic benefits, the NCAA has signaled a continuing attempt to suppress competition in the...
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Corporate Governance

Have Business Roundtable Companies Lived Up to Their Stakeholder Commitments?  

Lucian Bebchuk, Roberto Tallarita
In 2019, more than 100 CEOs of US public companies signed a Business Roundtable statement in which they pledged to deliver value...
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Inequality

Do Protests Matter At All for Shifting Government Policy Around Economic Redistribution?

Belinda Archibong
New research on the effectiveness of protests on government distributions provides insights into the political incentives of a country’s leadership and the...
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Antitrust and Competition

Mergers and Smoking Guns

Erik Peinert
A recently uncovered memo from George Stigler and Richard Posner reveals how they thought about antitrust and merger policy in advising the...
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Corporate Governance

Will “Portfolio Primacy” Throw a Monkey Wrench in Elon Musk’s Plans to Acquire Twitter?

Bernard Sharfman
The SEC's definition of fiduciary duty allows institutional shareholders to vote against Elon Musk's Twitter takeover bid thanks to portfolio primacy.
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Antitrust and Competition

How Europe Can Enforce the Digital Markets Act Effectively 

Alexandre de Streel, Fiona Scott Morton, Jacques Crémer, Amelia Fletcher, Paul Heidhues, Giorgio Monti, Rupprecht Podszun, Monika Schnitzer
As the European Commission gets ready to embark on the complicated task of implementing the recently agreed-upon Digital Market Act, which would...
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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.

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