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The Role of the State

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...
Antitrust and Competition

Horizontal Shareholding, Antitrust, Growth and Inequality

Guy Rolnik
Harvard Law School professor Einer Elhauge goes back to the days of Thurman Arnold, the head of the antitrust division in the FDR administration,...
Antitrust and Competition

Intergenerational Mobility, Guilds and Income in the Very Long Run

Guy Rolnik
New paper compares tax records for family dynasties in Florence in 1427 and 2011, and finds that the top earners of the present day...
Antitrust and Competition

How to End Too-Big-To-Fail? At Minneapolis Fed Symposium, Participants Reject Big Bank Breakup

Asher Schechter
Former Fed chairman Ben Bernanke: "Size is not the only relevant attribute of banks.” Should big banks be broken up in order to ensure the...
Antitrust and Competition

“The President’s Executive Order is Pro‑Market and Anti‑Abusive Market Power”

Guy Rolnik
Ten days after the White House issued an executive order and a brief that highlights growing concentration and decreasing competition in the US economy,...
Antitrust and Competition

The White House Acknowledges: The U.S. Has a Concentration Problem; President Obama Launches New Pro-Competition Initiative

Asher Schechter
President Barack Obama issues an executive order that calls on federal government agencies to promote competition within uncompetitive markets. President Barack Obama launched a broad new...
Antitrust and Competition

Stigler Center Talk: Bo Rothstein on What Makes Scandinavian Countries Non-Corrupt

ProMarket writers
Oxford’s Bo Rothstein, one of the most influential political scientists in the world today, will discuss the historical experience of Scandinavian countries in eradicating...
Antitrust and Competition

“What We Have is Capture of the Regulators’ Minds, A Much More Sophisticated Form of Capture Than Putting Money in Their Pockets”

Asher Schechter
Barry C. Lynn, author and director of New America’s Open Markets program, explains how every major industry and marketplace in America came to be controlled...
Antitrust and Competition

Millennials Believe in Free Markets and Want a Scandinavian Welfare State

ProMarket writers
Millennials may view socialism more favorably than their parents, but their definition of socialism is very different than that of previous generations.  Millennials may view...
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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.