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Is Democracy Relevant to the Way We Govern Public Companies?

On May 29, Exxon Mobil held its 2024 corporate election. Before the election, the company sued two investors over their proposal to include a commitment in its proxy statement to accelerate the company’s reduction of greenhouse gas emissions. Sarah Haan argues that the election and the lawsuit shed more light on current upheavals in corporate democracy than they do on the success of the ESG movement.

Is a Gridlocked Congress Causing More Polarization?

In new research, Marc Jacob, Barton E. Lee and Gabriele Gratton argue that legislative gridlock is not only a consequence of Congress’ polarization but also a cause of it. In sum, both polarization and gridlock fuel one another generating a vicious spiral toward political mire.

The Political Economy of Populism in the United Kingdom

James Wood explores the sources of populism in the United Kingdom, its recent developments, and what this means for the country’s 2024 general election.

Family Ties as Corporate Power

Pablo Balán explains that family ties provide firms with an edge in collective action that enables them to be politically active through campaign donations, to engage in financial rent-seeking by obtaining subsidized state credit, and to bypass regulation seeking to curtail the influence of business by substituting individual contributions for corporate contributions. Scholars and advocates can benefit from a deeper understanding of organizational constraints to programmatic reform.

A Conversation with Tim Wu

The Stigler Center for the Study of the Economy and the State hosted its annual antitrust and competition conference in late April. The following is a transcript of the Tim Wu's keynote in conversation with Binyamin Appelbaum of The New York Times.

Event Notes: Shareholder Democracy

The Stigler Center for the Study of the Economy and the State hosted with the Rustandy Center for Social Sector Innovation, in partnership with the Financial Times, a virtual event discussing shareholder democracy with Lisa Fairfax, Alex Thaler and Luigi Zingales. The following is a transcript of the event.

Mathematical Flaws in Ranked Choice Voting Are Rare but Real

A political movement in the U.S. is encouraging municipalities and states to adopt ranked choice voting as a supposedly more representative voting method. In...

Repeat Voting: A Simple Way To Get More Representative Results

Democratic elections suffer from several shortcomings, including low voter turnout and the effects of inaccurate polling. Sergiu Hart suggests adopting a simple repeat voting...

The Historical Cost of Populism

Most work on populism has investigated the reasons why voters choose populist leaders and governments. In new research, Moritz Schularick,  Christoph Trebesch, and  Manuel...

Bolsonaro’s reelection may become a setback for ESG in Brazil

Social pressures, market forces and elected leaders influence corporate decisions on environmental, social and governance (ESG) issues. Journalist Stephanie Tondo examines the state of...

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