Trump

We Must Stop Applying Economic Standards to Political Leadership

Joseph Schumpeter, ironically remembered for glorifying the entrepreneur’s penchant for creative destruction and innovation, actually warned against exalting entrepreneurs as the redeemers of...

How Pfizer’s Vaccine Announcement Demonstrates the Political Power of Firms

By timing the disclosure of the results of its vaccine trial, Pfizer could have influenced the 2020 presidential election. This is worrisome...

The “Turbulent Twenties” Are Just Beginning

Years ago, two academics predicted that an increase in economic inequality would lead to a period of political instability in 2020. Since...

Special Interests Hide Behind Regulatory Myths

Three myths about federal regulation help prevent much of the public, and many experts, from realizing how many regulations serve to promote...

Police Stops of Black Drivers Increase Following Trump Rallies, New Study Suggests 

A new study looks into how Trump's 2016 presidential campaign affected police behavior toward Black Americans and finds that the probability that...

How Personal Experiences With Covid-19 Are Changing Americans’ Behaviors and Political Views

While strong divisions persist across party lines, personal experiences with Covid-19, such as loss of income, may affect views and preferences among...

When and How the US Should Reopen Is a Matter of Politics, Trust in Institutions and Media, Survey Says

A new survey from the Rustandy Center and the Poverty Lab at the University of Chicago finds that political party affiliation and...

After the Lockdown: Italian Consumers Are Cautious About Returning to Normal

The effects of reopening commercial and recreational activities depend not only on legislative provisions but also on the propensity of consumers to...

“Stop Looking for a Post-Covid Intellectual, We Have Found One”: Le Point Profiles Luigi Zingales

Writer and entrepreneur Mathieu Laine wrote an extensive profile of Luigi Zingales for the French magazine Le Point. They discussed the pandemic,...

How to Save 40 percent of the Payroll Protection Program’s Costs

Thanks to the loan program part of the CARES Act, small businesses can receive up to 2.5 times their monthly payroll, regardless of how much...

LATEST NEWS

Revising the Merger Guidelines To Return Antitrust to a Sound Economic and Legal Foundation

The draft Merger Guidelines largely replace the consumer welfare standard of the Chicago School with the lessening of competition principle found in the 1914 Clayton Act. This shift would enable the Federal Trade Commission and Department of Justice Antitrust Division to utilize the full extent of modern economics to respond to rising concentration and its harmful effects, writes John Kwoka.

How Anthony Downs’s Analysis Explains Rational Voters’ Preferences for Populism

In new research, Cyril Hédoin and Alexandre Chirat use the rational-choice theory of economist Anthony Downs to explain how populism rationally arises to challenge established institutions of liberal democracy.

The Impact of Large Institutional Investors on Innovation Is Not as Positive as One Might Expect

In a new paper, Bing Guo, Dennis C. Hutschenreiter, David Pérez-Castrillo, and Anna Toldrà-Simats study how large institutional investors impact firm innovation. The authors find that large institutional investors encourage internal research and development but discourage firm acquisitions that would add patents and knowledge to their firms’ portfolios, hampering overall innovation.

The FTC Needs To Focus Arguments on Technological Transitions After High-Profile Losses

Joshua Gray and Cristian Santesteban argue that the Federal Trade Commission's focus in Meta-Within and Microsoft-Activision on narrow markets like VR fitness apps and consoles missed the boat on the real competition issue: the threat to future competition in nascent markets like VR platforms and cloud gaming.

We Need Better Research on the Relationship Between Market Power and Productivity in the Hospital Industry

Antitrust debates have largely ignored questions about the relationship between market power and productivity, and scholars have provided little guidance on the issue due to data limitations. However, data is plentiful on the hospital industry for both market power and operating costs and productivity, and researchers need to take advantage, writes David Ennis.