Interview Series: How Incomplete is the Theory of the Firm?

"Current Populist Discontent Seems Mainly Driven by a Fear of Change and Uncertainty"

In the final installment of ProMarket’s interview series on the economic theory of the firm, we ask Princeton University professor Alan Blinder and University of...

“The Sense That the System Is Rigged Relates to Governments' Failure to Address Inequality and Concentration”

In this installment of ProMarket’s interview series on the economic theory of the firm, we ask Stanford professor Anat Admati about the role of corporations and governments...

"No Mistake About it: A Revolt Against Globalization is Underway!"

In this installment of ProMarket’s new interview series, Columbia Law School’s John C. Coffee Jr. shares some thoughts on political engagement by corporations. "Milton Friedman seems...

"Political Engagement by Corporations Derives from and is Focused on Seeking Monopolistic Power"

In this installment of ProMarket’s new interview series, Harvard Business School professor emeritus Joseph Bower shares some thoughts on rent-seeking, politics, and the role of corporations...

“So Long As Corporate Managers See Their Objective as Maximizing Returns, Rent-Seeking and Regulatory Capture Will Persist”

In this installment of ProMarket’s new interview series on the economic theory of the firm, Harvard Business School professor Lynn Paine discusses the role of corporations and...

“The Ability of Companies to Subvert the Operating Rules for the Market is a Deep, Systematic, Durable Force”

In this installment of ProMarket’s new interview series, we ask Harvard Business School professor Herman "Dutch" Leonard about the involvement of corporations in politics...

“Under President Trump and the Republican Congress, Banks Will Have Even More Ability to Write Regulations That Favor Them”

In this installment of ProMarket’s new interview series on the economic theory of the firm, we ask University of Connecticut law professor and blogger James Kwak if...

Bengt Holmstrom: "I'm More Concerned About the Economic Power of the Most Valuable Companies Than Their Political Power"

In this installment of ProMarket’s new interview series, Nobel laureate Bengt Holmstrom says “this may be the right time to look at political engagement...

“Political Engagement by Corporations Would Be Far Down the List of Forces Responsible for Popular Discontent”

The third installment in ProMarket’s new interview series on the economic theory of the firm. In this installment, we ask Chicago Booth’s Steven Kaplan...

Theory of the Firm Interview Series: John Van Reenen

The second installment in ProMarket’s new interview series: Should the economic theory of the firm be modified? If so, how? In this installment, we...

LATEST NEWS

Healthcare Companies Spent More on Lobbying Than Any Other Industry Last Year

Threatened by regulated price caps from congress, the pharmaceutical industry spent nearly $390 million on lobbying in 2021 according to new data...

Antitrust and Rule by Judges

The early-1980s Posner-Stigler memorandum to incoming president Reagan’s transition team is interesting for a host of reasons, but most of all in...

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...