Populist Plutocrats

The Big Picture: Clientelism, Plutocracy, and Democratization

Why is the electoral process not enough to rid nations of pathological political distortions such as cronyism and corruption? This is the second installment of ProMarket’s...

Populist Plutocrats as a Political Phenomenon

How can a rich man successfully pose as a representative of the poor and the disenfranchised and become the leader of a populist movement?...

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Democracy

Elections Hinder Companies’ Access to Credit

Florian Léon, Laurent Weill

A large body of literature has produced uncertain conclusions about how elections affect firms’ access to credit. In a wide-ranging analysis of...

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...