Labor

How the Consumer Welfare Standard Propagates Gender and Racial Inequalities

Using the 2019 BB&T-SunTrust merger as a case study, Laura Beltrán argues that contemporary antitrust policy, based on the Consumer Welfare Standard,...

The NCAA Goes After College Athletes’ NIL Money—Here are the Antitrust Implications for Workers and Consumers

Having lost in the Supreme Court on student-athlete academic benefits, the NCAA has signaled a continuing attempt to suppress competition in the...

How Antitrust Can Better Regulate Thin Labor Markets

Thin markets, characterized by a small number of participants and low transaction volumes, create particular problems for antitrust enforcers. Hiba Hafiz explores...

How Practical Are Biden’s Proposals to Promote Labor Market Competition?

A new report from the Biden administration lays out ways to increase competition in US labor markets. Will they work?

Global vs. Local: What Drives Changes in Labor’s Share of Income

A new working paper examines the relationship between competition policy and the decline in the labor share across the developed world and...

How the Rise of Labor Market Power Helps Explain the Fall of US Manufacturing Employment

A new working paper explores the increase in labor market power in the US and what’s driving it. It shows manufacturing workers...

How Manufacturing’s Lobby Won and Lost its Political Influence

What happens when supporting capitalism hurts capitalists? Do business lobbies ever control the economy to the extent we think they do? The...

The Ties that Bind Workers to Firms: No-Poach Agreements, Noncompetes, and Other Ways Firms Create and Exercise Labor Market Power

Collusive no-poach agreements are per se illegal, but noncompete clauses are not. Recent research casts doubt on the rationale for this legal...

Antitrust Should Be Used as a Targeted Response to Employer Concentration, But It Can’t Do Everything

A large and growing body of research demonstrates that employer concentration affects the wages of many American workers. Antitrust is an important...

The Fall of American Manufacturing and the Rise of Health Care

In an excerpt from his new book The Next Shift, University of Chicago historian Gabriel Winant explores how deindustrialization and the decline...

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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.

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...

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...

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...

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...