Financial Crisis

Editors’ Briefing: This Week in Political Economy (May 19–26)

Trump signs the largest rollback of financial regulations since the 2008 crisis into law; Zuckerberg masterfully evades the questions of European parliamentarians; Amazon has...

Can Credit Tightening Spur Social Unrest? Evidence from 1930s China

In 1933 the United States launched its Silver Purchase program, which raised silver prices worldwide, drained China’s silver stock, and caused credit to Chinese...

How Politicians Intensify Financial Cycles: 300 Years of Pro-Cyclical Regulation

Three hundred years of financial regulation offer a cautionary tale to today’s push against yesterday’s regulations. This column revisits the political economy of financial...

Did US Banks Try to Manipulate the Dodd-Frank Debate by Delaying Mortgage Foreclosures?

Did banks delay foreclosures on delinquent mortgages in the districts of House Financial Services Committee members prior to the passage of the Dodd-Frank Act?     The...

Who Is to Blame for the 2008 Financial Crisis?

The IGM Center at the University of Chicago has asked its American and European economist panel to rate the main causes of the financial...

Democracy Against Domination: Overcoming Economic Power and Regulatory Failure in the New Gilded Age

The financial crisis—and the limits of our regulatory response to the crash—offer important lessons for our broader understandings of how to conceptualize and institutionalize...

Watch: Deutsche Bank Whistleblower Eric Ben-Artzi Explains What it Takes to Blow the Whistle on Fraud

Ben-Artzi: "The problem is not that you have misbehavior on Wall Street. It's that you have misbehavior by the people who are supposed to...

The 'Argumentum a Crise': So Powerful, So Prone to Misuse

Since the financial crisis and the related euro debt crisis, the use of the argumentum a crise has been ubiquitous. A more selective use...

LATEST NEWS

How Financial Contracting Could Help the Police Force Manage Its Aims More Effectively

Hamid Mehran proposes funded deferred pay, an incentive structure to mitigate the risk and costs of police misconduct.

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...