ethics

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...

We Need More Respectful and Inclusive Experiments in Development Economics: A Proposal

After many years of field research in Uganda, three economists outline how to prevent a powerful research tool such as randomized...

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ESG

Capitalism Does Not Require a Tradeoff Between Planet and Profit

Alessio Terzi

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

Academic Capture

Academic Bias Under the Microscope

Andy Shi

That scholarship often reflects conscious and unconscious biases has long been an open secret in academia. On April 22, Professors Christian Leuz,...

Money in Politics

Corporations Are Not “We the People”

Geoffrey R. Stone

The Citizens United ruling contradicts the Founders, decades of Supreme Court precedent and the will of the American people.

Antitrust and Competition

Too Many Economists Are Using a Flawed Theory To Defend Dominant Platforms’ Self-Preferencing Practices

David J. Balan

Congress is currently considering two major bills that would regulate “self-preferencing” and related conduct by dominant digital platforms. Criticism of these bills...

Antitrust and Competition

Unfair Methods of Competition

Cory Doctorow

The FTC’s new policy on unfair methods of competition is an assertion of the original purpose of the agency, allowing it to...