Inequality

Why Democracy Fails to Reduce Inequality: Blame the Brahmin Left

A new paper by Thomas Piketty finds that major parties on both sides of the political spectrum have been captured by elites and warns...

Investing in Quality Early Childcare Is Good for Vulnerable Kids—and Good Economics, Too


Early childcare can be a major contributor to eliminating inequality of opportunity and even lay the foundations for a more productive workforce in the...

How India’s Bridal Dowry Tradition Leads to Missing Women

In a famous essay published in 1990 the economist Amartya Sen explored the drivers of the global sex ratio imbalance, what he called the...

Angus Deaton on the Under-Discussed Driver of Inequality in America: “It’s Easier for Rent-Seekers to Affect Policy Here Than In Much of Europe”

In an interview with ProMarket, Nobel Prize-winning economist Angus Deaton talks about the connection of rent-seeking and monopolization to rising inequality. In December, the United...

Is Economic Insecurity Behind the Specter of Populism?

A new study examines the role of the 2007–9 global financial crisis and its metastasis in Europe on voting and political beliefs, showing that crisis-driven economic...

The Rate of Return on Everything

A new paper purports to have finally unlocked the mystery of the rate of return on capital. Here the authors report on their research on...

Editors’ Briefing: On Our Radar This Week (Dec. 22– Jan. 5)

This week in political economy.    In Project Syndicate, Joseph Stiglitz writes about the GOP’s recently-passed tax package, which he dubs “The US Donor Relief...

Inequality, Imperialism, and the First World War

Branko Milanovic on his new paper with Thomas Hauner and Suresh Naidu exploring inequality prior to World War I and providing empirical support for...

Editors’ Briefing: On Our Radar This Week (Dec. 9–Dec. 16)

This week in political economy.      House and Senate Republicans released the final version of their tax bill late Friday afternoon. The Washington Post breaks...

America's "Lost Einsteins" Are Dealing a Blow to Innovation

A new paper finds that America is full of "lost Einsteins" among women, minorities, and low-income groups: high performers who never become inventors because...

LATEST NEWS

Voters Still Believe Politics is About the Common Good, Not Just Rent-Seeking

Do voters still believe that politics can be a source for common-good policies and not just partisan bickering and rent-seeking? With political...

How to Design Data Protection Laws That Actually Work 

More and more countries are passing data protection laws, yet empirical studies show that these laws rarely deliver on their promises. A...

Are Monopolists or Cartels the True Source of Anticompetitive US Political Power?

Trade associations are often the biggest obstacles to competitive markets, especially when those organizations use their influence to change public policy in...

The Uber Files Reveal The Risk of Private Interests Controlling Our Data

Researchers discovered that the introduction of Uber had negative impacts on transportation, findings that required cooperation with public authorities when Uber refused...

Google’s Anticompetitive Conduct and the Remedies to Prevent It

The Stigler Center, of which ProMarket is a part, recently hosted a panel discussion looking at the antitrust case against Google and...