rent seeking

The Wolves of K Street

The following is an excerpt from Brody Mullins and Luke Mullins’s book,“The Wolves of K Street: The Secret History of How Big Money Took Over Big Government,” now available from Simon and Schuster.

The Robust Impact of Judicial Lobbying on the Development of Business Law

W.C. Bunting and Tomer Stein investigate the role of amicus curiae process in the development of business law cases at the state level. The findings reveal that the business law amicus curiae process is dominated by lobbying groups, particularly by associations serving big business, and that these "Amicus Lobbying" efforts have a higher success rate compared to non-lobbying groups.

Carl Schmitt and the Origins of Friedrich Hayek’s Thought on Rent-Seeking

Friedrich Hayek viewed the subject of rent-seeking not from the usual welfare economics perspective, but from a constitutional economics perspective. In a new paper,...

Fighting New Antitrust Rules Is a Bad Move for Big Tech

With new limits on platforms taking effect in the EU and U.S. politicians showing greater willingness to defy tech titans, companies would do better...

Voters Still Believe Politics is About the Common Good, Not Just Rent-Seeking

Do voters still believe that politics can be a source for common-good policies and not just partisan bickering and rent-seeking? With political polarization at...

Are Monopolists or Cartels the True Source of Anticompetitive US Political Power?

Trade associations are often the biggest obstacles to competitive markets, especially when those organizations use their influence to change public policy in their favor. Dana...

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 from OpenSecrets. Healthcare...

Fear of Punishment Distorts Bank Financial Reporting

When bank employees are afraid of punishment from regulators, they are likely to conceal information about their faulty decisions. This in turn distorts the...

Delaware: The State Where Companies Can Vote

Adapted from What’s the Matter with Delaware: How the First State Has Favored the Rich, Powerful, and Criminal—and How It Costs Us All, published...

How the Covid-19 Pandemic Put Corporate Stakeholder Promises to the Test

Prior to the outbreak of Covid-19, corporate leaders pledged to look after all stakeholders, not just deliver value to shareholders. Did they live up...

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