rent seeking
Editors’ Briefing: This Week in Political Economy (July 7–14)
Brett Kavanaugh is expected to bring his pro-business bent to the Supreme Court; the DOJ is appealing the AT&T-Time Warner merger approval; Britain fines...
Is Lionizing CEOs Dangerous for Society?
In an interview with ProMarket, Open University's Peter Bloom talks about his provocative new book CEO Society and why he believes celebrating corporate CEOs...
On Science Advancing One Funeral at a Time
Do star scientists erect barriers to entry for newcomers in their fields? Pierre Azoulay and Joshua Graff Zivin bring some data to the question...
Do Wages in High-Earning Sectors Always Reflect Skills?
Did the soaring wages in finance go in hand with a better selection of talented individuals into the sector? The evidence suggests no.
In the...
This Is What Monopoly Looks Like: The Italian Tobacco Sector in the Late 19th Century
How does a monopolist know what prices to charge to extract the most profit? A new paper digs into the classic monopolist’s problem with...
How US Voters React to Immigration in the Voting Booth May Depend on Both Immigrants’ and Native Residents’ Skill Levels
A new working paper has revealed two strikingly divergent correlations between increases in high-skilled and low-skilled immigration and change in Republican vote share since...
Gabriel Zucman: “Some People in Economics Feel That Talking About Inequality Is Not What Economists Should Be Doing"
The rising scholar of taxation and inequality talks to ProMarket about the problems excessive economic power poses for open political systems, how states can...
How China’s Anti-Corruption Campaign Is Moving Financing Away from State-Owned Enterprises
Are anti-corruption reforms effective in reducing economic rent seeking and constraining the influence of special interests? New research from Tsinghua University PBC School of...
Depositors Disciplining Banks: The Impact of Scandals
Can depositor activism make a real difference? New research set to be presented at the upcoming Stigler Center Political Economy of Finance conference examines the Dakota...
Marx and Modern Microeconomics
Few economists doubt that Marx flunked economics, a judgement mostly based on his labor theory of value. But this column argues that Marx’s representation...
