Capitalism

The Future of Capitalism and the Utopia That Never Was

In his review of Paul Collier’s recent book The Future of Capitalism, Branko Milanovic discusses ideology, social democracy, and the "ethical world."     Paul Collier’s...

When American Capitalism Meant Equality

Americans used to have a relatively egalitarian view of markets. How did they come to accept extreme inequality as an innate...

Wealth Inequality in America: A Race Between the Stock and the Housing Market

Booming stock markets and the collapse of house prices in the aftermath of the 2008 financial crisis have increased wealth inequality in the US...

The Road to Digital Serfdom? The Visible Hand of Surveillance Capitalism

Surveillance capitalism is not the capitalism of old, writes Harvard professor emerita Shoshana Zuboff in her new book The Age of Surveillance Capitalism.     Surveillance capitalism departs...

If You Don’t Think Today’s Tech Giants Are Vicious, Just Ask Venture Capitalists

Silicon Valley today resembles the deepest part of the jungle known as the triple canopy, where tall trees block out all the light and...

“If You’re Running an Authoritarian Government, You Love Facebook”

In a wide-ranging interview with ProMarket, media scholar Siva Vaidhyanathan explains why Facebook has become “too big to manage” and why he believes the...

Is Lionizing CEOs Dangerous for Society?

In an interview with ProMarket, Open University's Peter Bloom talks about his provocative new book CEO Society and why he believes celebrating corporate CEOs...

The Foundation of Corporate Personhood: A Look at the Charles River Bridge Case of 1837

Some 130 years before Friedman could begin arguing that a corporation’s sole responsibility was to make a profit for its shareholders, Boston’s Charles River...

In Capitalisn’t Pilot, Zingales and Waldock Fret at Prospect of a Monopolist-in-Chief

In the inaugural episode of the new podcast from the Stigler Center and Chicago Booth Review, economists Kate Waldock and Luigi Zingales probe the...

What’s Capitalism Got Going for It—and Against It? A New Podcast, Capitalisn’t, Tallies the Score

“Capitalism is the engine of prosperity.” “Capitalism sows the seeds of its own demise.” Could both things be true? Economists Kate Waldock and Luigi...

LATEST NEWS

Event Notes: “China’s Political Economy” in Review

The Stigler Center's "China Political Economy" webinar series returns Thursday, February 9. Here's a reminder of what we covered in our first...

To Build an Equitable Economy, We Must Understand Capitalism’s Racist Heritage

American capitalism was built on racial exploitation, from the enslavement of Black people to institutionalized discrimination and its structural impact on our...

How To Ensure Industrial Policy Promotes Public Over Private Gain

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

More than Economics, Ideology Determines US Voters’ Preferences for Redistribution

The US stands out among developed economies for its comparatively low level of redistribution as a percentage of GDP. Gustavo de Souza...

Stakeholder Motivations for “Private Sanctions” Against Russia

As the war in Ukraine enters its second year, a new study measures stakeholders’ desire to see their firms exit Russia and...