rent seeking
Excessive Zoning Makes Us Poorer and More Unequal
We normally think of income inequality as a function of differences in class or socioeconomic status. But much more than generally realized, geographic differences...
Editors’ Briefing: This Week in Political Economy (April 14–April 28)
Why has Facebook’s scandal not dented its earnings? How much are states and local governments giving to corporations in economic-development incentives? And did CFPB...
Why Democracy Fails to Reduce Inequality: Blame the Brahmin Left
A new paper by Thomas Piketty finds that major parties on both sides of the political spectrum have been captured by elites and warns...
Baldwin on Globalization: “A Lot of the Narrative Is Based on the US as If It Were the Whole World”
Richard Baldwin, professor of international trade at the Graduate Institute of Geneva and editor-in-chief of VoxEU.org, talks to ProMarket about the convergence between the...
“Globalization Has Contributed to Tearing Societies Apart”
In an interview with ProMarket, Harvard economist Dani Rodrik explained where globalization went wrong, how trade agreements serve rent-seeking by politically well-connected firms, and...
How India’s Bridal Dowry Tradition Leads to Missing Women
In a famous essay published in 1990 the economist Amartya Sen explored the drivers of the global sex ratio imbalance, what he called the...
Does the Growth of Bitcoin Have Anything to Do with Distrust of Government?
The results of the latest Financial Trust Index (FTI) survey, released last week by Chicago Booth and the Northwestern’s Kellogg School of Management, offer...
How Denmark Got to Denmark: The Role of Landed Elites in Development
For most people the idea of landed elites conjures up images of aristocrats sipping tea while enjoying the proceeds of the labors of the...
Angus Deaton on the Under-Discussed Driver of Inequality in America: “It’s Easier for Rent-Seekers to Affect Policy Here Than In Much of Europe”
In an interview with ProMarket, Nobel Prize-winning economist Angus Deaton talks about the connection of rent-seeking and monopolization to rising inequality.
In December, the United...
The Rate of Return on Everything
A new paper purports to have finally unlocked the mystery of the rate of return on capital. Here the authors report on their research on...
