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The Equitable Economy

Economic History

How Protests Against the Jim Crow Credit Market Changed the Civil Rights Movement

Mehrsa Baradaran
Before the civil rights movement captured the nation’s attention, activists and community groups were protesting against exploitative credit and exclusionary lending practices rooted in...
ESG, Corporate Governance & Future of the Firm

George Stigler and the Challenge of Democracy

Anat Admati
We are all victims of what George Stigler described as “the pervasive use of state support of special groups” and of governance failures everywhere....
Antitrust and Competition

Invigorating Competition in Health Care Markets: Is Rate Regulation Needed?

Tim Greaney
It now appears that market concentration may be the leading cause of America’s health care cost crisis. If the United States is going to...
Big Tech

The Digital Society: “We Live in a World Obsessed With Cost Cutting”

Jana Kasperkevic
In an interview about his new book, The Inglorious Years, economist Daniel Cohen explores the emergence of the digital society and its never-ending pursuit...
Antitrust and Competition

The Profit Paradox: “What’s Good for Firms Is Not Necessarily Good for the Workers”

Asher Schechter
In an interview with ProMarket, Jan Eeckhout discusses his new book The Profit Paradox and explains how market power brings down wages, even if...
Commentary

Three Ways Tax Policies Increase the Black-White Racial Wealth Gap

Dorothy Brown
Dorothy Brown, the author of The Whiteness of Wealth, explains how tax breaks for marriage, college, and gifts and inheritance contribute to the black-white...
Antitrust and Competition

Opening the Black Box: The Hidden Costs of Data-Driven Mergers in Health Care

Theodosia Stavroulaki
Vertical data-driven mergers between health insurers and drug suppliers may facilitate health insurers’ efforts to discriminate against vulnerable populations, leaving them without meaningful access...
Income Inequality

Most Americans Consider Themselves Middle-Class. But Are They?

Jeffrey Wenger
There are different ways of determining who should be considered middle-class. But there is one thing they have in common: all reveal that the...
Antitrust and Competition

Barriers to Entry as Another Source of Top Income Inequality

Philippe Aghion
A new book, The Power of Creative Destruction, explores how lobbying contributes to the increase in the top 1 percent’s share of income. An...
Economic History

What Stakeholder Capitalism Can Learn From Jensen and Meckling

Alex Edmans
Jensen and Meckling’s 1976 article is an academic classic, but heavily criticized by stakeholder capitalists for arguing that corporate structures should be designed to...
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The publication of the Stigler Center at The University of Chicago Booth School of Business

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.