Joseph Stiglitz: “it may be necessary to abandon the euro to save the European project.” Markus Brunnermeier: “the situation is improving. The structural reforms really worked, and made a huge difference.”
Read more
The Euro Crisis and The Clash of Ideologies: Q&A with Markus Brunnermeier
Brunnermeier, co-author of the recent book The Euro and the Battle of Ideas, participated in our November 30 event on the future of the euro (you can watch the panel here). In an interview with ProMarket, he explained why the euro crisis is largely driven by a clash between the opposing economic philosophies of France and Germany.
Read more
Greater Political Integration is Necessary for a Sustainable Euro
Read an excerpt from Luigi Zingales’ 2014 book Europe or Not.
Read more
When Did Americans Stop Being Antimonopoly? Q&A with Richard R. John
Columbia professor Richard R. John explains the history of U.S. monopolies and why antimonopoly should not be conflated with antitrust.
Read more
Who Is Responsible for a Declining Labor Share of Output? Michael Porter
Most researchers assume that the share of total output lost by labor went to the owners of capital. However, a new working paper shows that the capital share has also declined, while the profit share has gone up. Could this be related to an increase in firms’ market power?
Read more
How Will Antitrust Policy Look Under President Trump? Q&A with The Capitol Forum’s Teddy Downey
Will President Trump go after Silicon Valley, or block the AT&T-Time Warner merger? Teddy Downey, CEO and executive editor of The Capitol Forum, explains how antitrust could look like under Trump.
Read more
One Happy Byproduct of 2016: An Overdue Tax Policy Debate
Rich people are much richer than they used to be in large part because they pay much less tax than they used to. This—not technological change, trade, “superstar effects,” “skills gaps,” or “decaying family structure”—explains rising inequality, and it is central to what it means to be rich in the 21st century.
Read more
140 Years of Antitrust: How the Basic Paradigms of Competition, Regulation, and Antitrust Have Changed Since WWII
The final installment of our four-part series on the history of antitrust language in American political discourse.
Read more
Campaign Finance in the 2016 Election: With Federal Reform Unlikely, the Use of Super PACs has Become More “Brazen”
While it is still too early to draw any decisive conclusions regarding the role money played during this election cycle, some trends can already be observed.
Read more
Finance and Healthcare Bound to Gain from Clinton’s Presidency
Hillary Clinton has promised to be tough on finance and pharmaceutical companies. So why do financial and healthcare stocks go up when the probability of a Clinton presidency increases?
Read more
Wealthier Donors Prefer Hillary Clinton
Hillary Clinton’s donors are wealthier than Donald Trump’s, at least judging from the value of their homes. The median home price of Clinton’s supporters is $639,796 while Trump’s donors’ median home price is $474,427.
Read more
Academic Literature Shows: The Problems with Regulating Campaign Finance Are Deeper Than Mere Lack of Political Will
The experience of regulating campaign finance in the last four decades tells us that the “donor class” has found ways to turn wild once and again, usually with the support of the Supreme Court.
Read more