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History

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...
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Resisting Regulatory Capture in the 1857 Financial Crisis

The historical origins of financial crises teaches us about changing attitudes toward government intervention into private markets.
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The FTC’s Non-Compete Ban Will Force Questions Over the Scope of its Authority

To understand why a proposed rule could spark a Supreme Court battle over the Federal Trade Commission’s powers to regulate the American...
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The Varied Ideologies—and Practices—of Socialist Nations in the Developing World

In an excerpt from his new book Ripe for Revolution: Building Socialism in the Third World, Harvard Business School professor Jeremy Friedman...
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Lessons from the Past? How Ordoliberal Competition Theory Can Address Market Power in the Digital Age

Some of the lessons uncovered by ordoliberal thinkers during the interwar period in Germany could help us tackle the current challenges posed...
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The Invention of Economic Growth: The Forgotten Origins of Gross Domestic Product in American Institutionalist Economics

Contemporary critiques of GDP’s role in policymaking see it as an ideological abstraction, emblematic of neoliberalism, that misrepresents “real” economic conditions. What...
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Plagues Upon the Earth: How Wealth Intersects With Mortality

Kyle Harper’s new book, Plagues Upon the Earth: Disease and the Course of Human History, shows that the story of disease is...
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Looks Can Be Deceiving: Ronald Coase and the Chicago School

Ronald Coase is typically thought of as one of the Chicago School’s brightest lights. But Coase’s relationship with Chicago was always an...
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Mechanics and Financiers: How Political Economy and Political Ideology Helped Make Detroit the Global Leader of the Automotive Industry

The history of automotive mass production begins with a puzzle: Why did Detroit, of all places, pioneer the industry that would shape...
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A New Antitrust Under Biden? Lessons From the Presidency of Theodore Roosevelt

The early history of the Sherman Antitrust Act offers relevant insights to contemporary debates on how to best enforce antitrust laws. In...
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LATEST NEWS

Commentary

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

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

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

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

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

Elizabeth Kennedy
American capitalism was built on racial exploitation, from the enslavement of Black people to institutionalized discrimination and its structural impact on our...
Read more
Industrial Policy

How To Ensure Industrial Policy Promotes Public Over Private Gain

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

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

Gustavo de Souza
The US stands out among developed economies for its comparatively low level of redistribution as a percentage of GDP. Gustavo de Souza...
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ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.

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