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Capitalism

Capitalism Does Not Require a Tradeoff Between Planet and Profit

Critics of capitalism claim that the economic system incorrigibly encourages the exploitation of the planet and is thus incompatible with efforts to...
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How Austerity Emerged after World War I to Preserve Capitalism

In this excerpt of a new book, The Capital Order, Clara Mattei traces the origins of austerity to the period just after...
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How Does Party-State Capitalism In China Interact With Global Capitalism?

Excerpted from The China Questions 2: Critical Insights Into Us-China Relations, edited by Maria Adele Carrai, Jennifer Rudolph, and Michael Szonyi, published...
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Chart of the Week: Income Inequality Threatens Capitalism

A new survey of economists by the Initiative on Global Markets indicates that 67 percent agree or strongly agree that the rise...
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Corporate Sovereigns and the Emergence of State Sovereignty: A Closer Look at the East India Company

A new data collection has made it possible to reveal the self-sovereignty of the English East India Trading Company that produced a...
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Why Aligning Antitrust Policy With Sustainability is a Moral Imperative 

The looming ecological disaster means that it is time for competition researchers, policymakers, lawyers, and economists to devise competition policies that focus...
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How China Became a Global Economic Powerhouse Through an Idiosyncratic Approach to Market Capitalism

Chinese reformers after the death of Mao Zedong in 1976 agreed that it was necessary for China to move towards marketization, but...
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The Communist Origins of China’s Embrace of Markets

In an excerpt from his book Market Maoists: The Communist Origins of China’s Capitalist Ascent, Jason M. Kelly explores the commercial relationships...
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Managers Should Satisfy Only the Ethically Permissible Preferences of Shareholders

Oliver Hart and Luigi Zingales have proposed a revision to the dominant model of the objective of the firm, most famously defended...
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Two Years Later, Has the Business Roundtable Statement Transformed Capitalism?

Two years after the Business Roundtable redefined its statement of Purpose of a Corporation to include “a fundamental commitment to all of...
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Capitalism Does Not Require a Tradeoff Between Planet and Profit

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Critics of capitalism claim that the economic system incorrigibly encourages the exploitation of the planet and is thus incompatible with efforts to...
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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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