Karl Marx

“Avoiding Plutocracy Would Require a Political Change”: Branko Milanovic on the Future of Capitalism

In an interview with ProMarket, CUNY Graduate Center economist Branko Milanovic discussed the differences and similarities between US-style and China-style capitalism and explained why,...

With the US and China, Two Types of Capitalism Are Competing With Each Other

Capitalism’s global victory has been achieved through two different types of capitalist systems: the liberal meritocratic capitalism that has developed incrementally in the West,...

The Secret Code of Capital and the Origin of Wealth Inequality

Capital is not a thing, but a social relation enforced by the law and the state. With the right legal coding, any object, claim,...

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Big Tech

The Wicked Problem Embodied by The Twitter Files

Tom Ginsburg

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

News

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

Will Macheel

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

News

Industrial Policy Is a Seductive Mirage

Michael C. Munger

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

Antitrust and Competition

Antitrust Deregulation is Undermining Innovation

Giovanni Morzenti

A 2000 amendment to the Hart-Scott-Rodino Act made it easier for firms to merge without notifying US antitrust authorities. In new research,...

Commentary

The Real Danger of the Twitter Files

Stefano Feltri

The Editor-in-chief of the Italian news publication Domani shares his concerns about what's been left out of the controversial Twitter Files conversation...