Inequality

Who Are the Top 1 Percent in America? The Answer from New Research Might Surprise You

A new paper challenges Thomas Piketty’s portrayal of an income distribution dominated at the top by passive rentiers who do nothing to earn their money,...

Raghuram Rajan: Populist Nationalism Is “the First Step Toward Crony Capitalism”

The former governor of the Reserve Bank of India discussed the “concentrated and devastating” impact that technology and trade had on blue-collar communities, the anger...

The Rise of Market Power and the Decline of Labor’s Share

A new paper argues that the decline of the labor and capital shares, as well as the decline in low-skilled wages and other economic trends, have been...

Is There a Connection Between Market Concentration and the Rise in Inequality?

A Stigler Center panel debates: Is rising inequality connected to monopolies, rent-seeking, and concentration? The rise in wealth and income inequality has been at the forefront of...

“Our Efforts to Deal With Tech Firms' Market Dominance in the U.S. Have Been an Abject Failure”

In this installment of ProMarket's new interview series, Harvard economist F.M. Scherer answers questions about concentration, antitrust, tech giants, and inequality. "Antitrust agencies have not taken sufficient...

Nobel Laureates: Eliminating Rent Seeking and Tougher Antitrust Enforcement Are Critical to Reducing Inequality

Angus Deaton: "A lot of the inequality in the U.S. comes from rent seeking. It comes from firms and industry seeking special protection or...

What Role for Antitrust in the Era of Rising Inequality? The Importance of Power in Supply Chains

Concentration of power in supply chains is a prime mechanism by which dominant companies consolidate power and profits. The Sherman Antitrust Act of 1890 was...

Intergenerational Mobility, Guilds and Income in the Very Long Run

New paper compares tax records for family dynasties in Florence in 1427 and 2011, and finds that the top earners of the present day...

LATEST NEWS

Should the European Union Require Tech Firms to Adopt a Common Charger?

According to a new European Commission directive expected to be approved in the next few months, tech firms will have to use...

Chart of the Week: Economists Don’t Think Congress Should Make Price Gouging Illegal

Most economists disagree with a new bill in the US that would set limits on "unconscionably excessive prices," according to a recent...

Neoliberal Economists Are Giving Biden Bad Advice on Inflation

To spare the economy from the pain of further interest rate hikes, the President should aggressively pursue anticompetitive conduct by companies in...

How Would the Big Tech Self-Preferencing Bill Affect Users? 

The Senate looks to be nearing a vote on the American Innovation and Choice Online Act, which would prohibit gatekeeping digital platforms...

New eBook Revisits George Stigler’s Theory of Regulatory Capture 50 Years Later

To mark the 50-year anniversary of George Stigler’s seminal piece, “The Theory of Economic Regulation” we are publishing a new eBook examining...