Government

Governments Were Forced to Restrict Civil Liberties to Deal With Covid-19. More Flexible Constitutions Could Prevent That From Becoming the New Normal

A new paper argues that exploitation of gaps within democratic constitutions during emergencies, such as the Covid-19 pandemic, has the potential to...

What Are They Hiding? What Firms Don’t Want Us to Know About Their Economic Development Incentives

State and local governments offer firms all kinds of incentives in hopes of spurring local economic development. New research finds that a...

The Costs of Political Misalignment: Forest Fires and Bank Loans in Turkey

Recent wildfires in Turkey have not only destroyed more than 95,000 hectares of its coastal forestland but also divided the country further...

Government Regulation is the Pro-Market Solution

The Covid-19 pandemic has utterly discredited the false dichotomy of government vs. markets. Extensive government regulation is a prerequisite for the proper...

Back to Work? The Political Preparation for “Phase 2” of the Pandemic Is a Matter of Trust

According to a special wave of the Booth/Kellogg Financial Trust Index, Americans have bought into social distancing rules. However, most of the respondents are...

Is Regulation Jeopardizing Policy Response to Coronavirus Crisis? Sendhil Mullainathan and Richard Thaler Collect Red-tape Stories

Two of the most well-known University of Chicago economists launched a website to collect examples of regulations that are limiting the United States' reaction to...

Keeping Business Alive During the Coronavirus Crisis: Government as Buyer of Last Resort

The government has to compensate businesses and workers for their losses so that each business can re-emerge almost intact after the hibernation due to...

Captured Western Governments Are Failing the Coronavirus Test

In deciding on possible countermeasures, residents of Western democracies often hear only two opposite perspectives: Is the priority to minimize the loss of human...

Why the US Government Buys Overpriced Services From McKinsey

The Industrial Funding Fee pays $3 million a year for a 23-year old McKinsey employee instead of hiring an experienced person directly to do...

Governments Bear Much of the Responsibility for Rising Inequality—But Also Have the Tools to Reduce It

A new study tracks the influence of public policy on inequality and argues that the main rise in inequality has been a result of...

LATEST NEWS

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...

The Wicked Problem Embodied by The Twitter Files

In response to a recent ProMarket post about the Twitter Files, professor Tom Ginsburg points out that the toughest question lies in...

Study Shows Universal Bank Trades Are Informed by Private Commercial Borrower Information

New research by Rainer Haselmann, Christian Leuz, and Sebastian Schreiber finds evidence suggesting that German banks with commercial lending relationships improve their...

Industrial Policy Is a Seductive Mirage

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