Business & Industry

The World Economic Roundtable seeks to help the business, investment, and policy communities understand ongoing changes in the world economy and to promote a discussion of ideas that can advance the goal of a widely shared global prosperity.

Prof. Oliver Hart will deliver the inaugural talk on Corporate Purpose

Human societies have always coevolved with technology, but how can we think of technology? Is it an external force outside our control, or do we have a say in its direction, development and deployment?

What are the choices we must make to ensure technology empowers, augments, rewards, and respects the majority, not the few, given its increasing defining role in future economies and societies?

Bill Mitchell presents a coherent analysis of how money is created, how it functions in global exchange rate regimes, and how the mystification of the nature of money has constrained governments, and prevented states from acting in the public interest.

Adair Turner discusses his new book, Between Debt and the Devil: Money, Credit, and Fixing Global Finance.

Stock buybacks are giveaways for greedy investors at the expense of everyone else.

Using tools from computational linguistics, we construct new measures of the impact of Brexit on listed firms in the United States and around the world

How antitrust law is ill-equipped to address tech mergers

The Chicago School has long used bankrupt assumptions to strangle antitrust policy.

This paper presents an historical analysis of the antitrust laws.

Are regulatory interventions delayed reactions to market failures or can regulators proactively pre-empt corporate misbehavior?

The fall of 2008 was scary. For most people, the aftermath of Lehman Brothers’ bankruptcy resembled a major earthquake with strong aftershocks. Official narratives have promoted the image of the crisis as a rare, unpreventable and unforeseen natural disaster, the “100-year flood.” Policymakers emphasize the extraordinary measures they have taken to prevent the system from collapsing and to support recovery since.

New research points to critical role of public funding in drug discoveries and development for the last decade

This paper considers the relationship between profits realized from higher insulin list prices, pharmaceutical innovation, and the financial structures of the three dominant insulin manufacturing companies, which set list prices.

As Covid-19 spreads globally in the first quarter of 2020, this paper finds that firms’ primary concerns relate to the collapse of demand, increased uncertainty, and disruption in supply chains

In this introduction to our project, “Fifty Years After: Black Employment in the United States Under the Equal Employment Opportunity Commission,” we outline the socioeconomic forces behind the promising rise and disastrous fall of an African American blue-collar middle class.

The success of projects for pandemic preparedness and response depends on the strength of government-business collaborations.

Consolidation in the dairy industry has created separate, inflexible supply chains for consumers and commercial markets. When COVID killed commercial demand, perfectly good milk and cheese was wasted.

Pharmaceutical drugs are often a matter of life or death. It should be a prime objective of government policy to rid the industry of financialization.

To make start-ups work for everyone, we need to put power back in the hands of workers.

The idea that businesses are run to maximize profits for shareholders is just plain wrong, says William Lazonick

One of America’s leading socialists discusses how a collectively owned economy would be structured, the limits of the welfare state, and what Keynes understood that Marx didn’t

Author Samuel Stein talks about how capitalism shapes housing and what economists have in common with city planners

We need to ban stock buybacks, while building a movement for basic economic rights

Our welfare depends not only on our actual consumption, but also on alternate choices wedid not make.

“You are now leaving the world as you know it.”

It’s time for business executives, employees, and taxpayers to come together to help get us out of the pandemic and create conditions for a sustainable and equitable future

William Lazonick emphasizes that keeping workers productively employed is key to economic recovery from Covid-19 as well as a healthy economic future

Consolidation in the dairy industry has created separate, inflexible supply chains for consumers and commercial markets. When COVID killed commercial demand, perfectly good milk and cheese was wasted.

The Chicago School has long used bankrupt assumptions to strangle antitrust policy

US counties with prison labor often have lower wage and employment growth

Brexit uncertainty has already taken an economic toll

Big Tech companies are swallowing up nascent competitors. Why aren’t regulators paying attention?

The Chicago School’s weakening of antitrust law hurt the economy

The scale of firm exposure to the coronavirus is unprecedented by earlier outbreaks, spans all major economies and is pervasive across all industries

Since the 1980s, the enemy of equal employment opportunity through upward socioeconomic mobility has been the pervasive and entrenched corporate-governance ideology and practice of maximizing shareholder value.