The Information Economy

Media

Effective media scrutiny can help mitigate many of the problems that lead to regulatory capture, by helping the polity to become informed and mobilized. But what are the conditions that create effective media scrutiny? And why do we observe so little of it in reality? “Publicity is justly commended as a remedy for social and industrial diseases. Sunlight is said to be the best of disinfectants; electric light the most efficient policeman.” Justice Louis D. Brandeis

The Challenges of Regulating Disinformation

In response to rising concerns about political disinformation, governments have introduced a slew of interventions. Federico Vaccari warns in new research that...

Can Twitter Be a Force for Good? Social Media Helps Curb Corporate Misconduct

Collective shaming on social media is crucial in reducing corporate misbehavior — and society would be significantly worse off without watchdog platforms.

What Are The Media For?

In response to ProMarket's debate about the Twitter Files and the roles of social media and traditional media, Surya Gowda argues that...

The Wicked Problem Embodied by The Twitter Files

In response to a recent ProMarket post about the Twitter Files, professor Tom Ginsburg points out that the toughest question lies in...

Kyiv Independent Editor-in-Chief: “Leaving Ukraine is the Last Thing I Would Want To Do”

The editor-in-chief of the Kyiv Independent speaks with FT journalist Edward Luce in an exclusive video interview covering the challenges of her...

Chart of the Week: Most News in Russia is Government-Owned or Influenced

Of 3.9 million Russian news articles studied, 77 percent were from either a government-owned or government-influenced outlet.

How Big Media Handed Digital Advertising to Big Tech

The current structure of digital advertising markets makes the Google-Facebook duopoly an unavoidable trading partner for every party in the content consumption...

Announcing the Participants in the Spring 2022 Stigler Center Journalists in Residence Program

Next month, the Stigler Center will welcome eight world-class journalists from Nigeria, Brazil, Chile, Italy, India, Canada, and the United States for...

The Best Political Economy Books of 2021

A scholarly examination of market’s power toll on American workers, the collected works of a pioneering economic thinker, an ambitious narrative of...

The Present and Future of Journalism: How the News Media Lost Its Purpose

At a time of information overabundance, journalism has lost its purpose. Newspapers, traditionally the keepers of journalistic flame, are going away. What...

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Startup Acquisitions Have Undecided Effects on Innovation and Economic Growth

Startups are a major driver of innovation, but many startups are acquired by large incumbents. Do these acquisitions stifle innovation or promote...

History Shows that Voluntary ESG Standards Lead to a More Focused ESG Disclosure

In recent years, ESG reports have become more common for publicly traded companies. However, critics have found the information they provide to...

Letters that Matter: How Interest Groups Shape Financial Legislation

Members of Congress are inundated with an avalanche of correspondence on a daily basis. But what persuades them to heed the call?...

Are There Really Gender Pay Differences in the CEO Labor Market?

The gender pay gap is a well-documented phenomenon in global labor markets, but this gap does not seem to apply to the...

How Many Banks Are at Risk of Insolvency Right Now?

Given the recent banking turmoil and failure of SVB and Signature and issues in First Republic, it is important to understand the...

The Challenges of Regulating Disinformation

In response to rising concerns about political disinformation, governments have introduced a slew of interventions. Federico Vaccari warns in new research that...

India’s Evolving Industrial Policy Is Critical for Realizing Its Development Vision

Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s...