Business & Industry
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Industrial Policy Is a Good Idea, but So Far We Don’t Have One
Apr 19, 2024
The American state has lost the capacity for concentrated and decisive effort at the forefront of technology and the associated science.
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How GM’s $10-Billion Buyback May Ice Its EV Transition
Dec 18, 2023
Reindustrialization vs Financialization
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Antitrust Enforcement in the Crosshairs
Oct 6, 2023
Post-Chicago Economists vs. New Brandeisians on the New Merger Guidelines
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What the UAW and Everyone Else Need to Know About CEO Pay
Oct 2, 2023
What is GM CEO Mary Barra’s take-home pay? (It’s more than you are being told)
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Everyone Versus Google: Will Big Tech Be Held Accountable?
Sep 28, 2023
The tech giant is in the hot seat, but it’s going to be a “big fight,” warns antitrust expert Mark Glick.
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The Lehman Disaster and Why It Matters Today
Sep 13, 2023
On September 15, 2008, Lehman Brothers, a giant investment bank with a storied history, filed for bankruptcy. The shock was profound; world markets melted down.
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How Shareholder Value Fixation Turns AI and Robotics into a Recipe for Failure
Sep 11, 2023
New technologies are not the problem. It’s a system distorted by a flawed ideology.
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Postscript: A Further Look at ProMarket’s Economics
Sep 8, 2023
ProMarket’s new “Addendum to Retraction,” written it appears in response to our recent INET post, doubles down on its critique of our piece which showed that it is feasible for increased output to lead to reduced welfare. The ProMarket addendum is notable for its economic errors.*
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The Mythology of Horizontal Merger Efficiencies
Aug 31, 2023
Economists had to distort economic theory to fashion their merger “efficiency” arguments
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Working Paper
The Horizontal Merger Efficiency Fallacy
Aug 2023
By permitting business definitions of “efficiency” to leak over into the antitrust lexicon, antitrust scholars have done a great disservice
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The Scourge of Corporate Financialization: Income Inequity, Employment Instability, Productive Fragility
Aug 21, 2023
Stock buybacks as a mode of predatory value extraction
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Now You See It, Now You Don’t: Antitrust Arguments “Chicago Style”
Aug 17, 2023
ProMarket and the Consumer Welfare Standard An output increase is not sufficient to increase welfare. Allocation—how goods are distributed—matters.
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A New Approach for Estimating Firm-Level Cyber-Risk Exposure
May 22, 2023
Using computational linguistics to estimate firm-level cyber risk exposure based on quarterly earnings conference calls.
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Working Paper
The Anatomy of Cyber Risk
May 2023
Does cyber risk exposure, as opposed to actual incidents, affect firm outcomes?
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Private Equity is Out of Control and Looting America. This Prosecutor Says We Can Fix It.
May 2, 2023
In his new book, “Plunder: Private Equity’s Plan To Pillage America,” Brendan Ballou, a federal prosecutor who served as Special Counsel for Private Equity in the Justice Department’s Antitrust Division, outlines the dangers of a trillion-dollar industry that hardly anyone understands. He explains how Americans can fight their harmful practices.