Capitalism
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 in income...
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 company-state and...
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 on the...
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 struggled over...
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 and selective...
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 by Milton...
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 our stakeholders”...
The End of the Capitalist-Worker Dichotomy and the Rise of a New Elite?
Economists typically assume that capitalists and workers are different people. A new study, however, finds that the intersection between the top decile of capital-income...
The Best Political Economy Books of 2020
A travelogue of monopoly, the dangers of elite impunity, and the relevance of John Maynard Keynes: here are (in no particular order) some of...
President-Elect Joe Biden and the Real Lessons of DuPont
Simply talking corporate America into being more responsible is not enough. It may get corporations to talk the talk, but not to walk the...
