Chicago School
An Unusual History: A Conversation Between Two Economists About the Economics Department at the University of Chicago
In conversation with Sebastian Edwards, Arnold C. Harberger reflects on his time at the Department of Economics at the University of Chicago.
Editor’s note: The...
Stigler’s Interest-Group Theory of Regulation: A Skeptical Note
As a rule, regulation is not acquired by “the industry,” and it is not designed and operated primarily for its benefit. The mechanisms behind...
Senator Klobuchar’s Antitrust Bill Doesn’t Go Far Enough
Senator Klobuchar’s bill includes many useful proposals to bolster antitrust enforcement, but the antitrust laws have been so weakened by the courts and by...
Data-Driven Ideology: The Problem With Economists' Takeover of Policymaking
According to New York Times journalist Binyamin Appelbaum's recent book The Economists' Hour, economics is not the unbiased science that it pretends to be, but...
Corporations and the Rise of the Chicago Law and Economics Movement
From its birth in 1946 onward, corporations made possible and crucially supported the rise of the Chicago law and economics movement. Aaron Director,...
"The Lack of Competition Has Deprived American Workers of $1.25 Trillion of Income"
French economist Thomas Philippon, author of the recent The Great Reversal, explains how Europe got to be better at free markets than the US and how...
Chile's Fall From Grace Shows the Failures of Neoliberalism
For many years, Chile’s economic growth and transition to democracy have made it the poster boy for neoliberalism. The current wave of protests highlights...
Vertical Media Mergers Are a Serious Threat to Freedom of Speech
Antitrust regulators should stop mergers where a firm owning the means of transmission acquires a provider of content. The people that own the pipes...
Aaron Director and the Empirical Foundation for the Chicago Attitude on Antitrust
Empirical evidence, not just disembodied theory, was an important building block of Director’s view that competition could defeat concentration, writes Daniel Kuehn.
Editor's note: Aaron...
A Fair Amount of Freedom for Everyone: Aaron Director Did Have Ideals
David Henderson of the Hoover Institution defends the legacy of Aaron Director, the most enigmatic among the founders of the so-called "Chicago School." Director, argues...
