Schumpeter Project on Competition Policy
The Schumpeterian perspective represents a new intellectual framework for practical antitrust reforms that enable the innovation economy. That’s Schumpeter Project’s mission: to advance dynamic competition policy with innovation as a central concern for antitrust enforcement, not a secondary consideration.
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Featured Publications
The Process of Creative Destruction, Illustrated: The US Retail Industry
The process of “creative destruction,” whereby new technologies and business models displace old ones, is key to growth and innovation. The evolution of the retail industry illustrates why it is beneficial and sheds light on the pitfalls of current legislative and regulatory efforts to limit it.
The Digital Markets Act: A Triumph of Regulation Over Innovation
The Digital Markets Act presents three fundamental challenges as it nears adoption: First, it will increase regulatory fragmentation. Second, its disproportionate blanket obligations and prohibitions will be economically detrimental and legally controversial. Third, it will be difficult to implement, as some of its provisions clash with other European regulations.
Monopolies Are Not Taking a Fifth of Your Wages
A recent Treasury report on labor market competition provided a misleading narrative about labor market concentration and its effect on workers. Labor market power is largely due to labor market frictions, not concentration. Firms are not profiting at the expense of workers.
American Precautionary Antitrust: Unrestrained FTC Rulemaking Authority
The FTC plans to follow Europe’s precautionary approach to antitrust by enacting preemptive rules of per se illegality. But American precautionary antitrust is both unlawful and economically harmful, as it opposes dynamic competition, which benefits consumers and innovation.
Schumpeterian Takes on Pending Antitrust Bills
Instead of promoting competitive digital markets for the benefit of consumers, many of the techlash-driven proposals advancing in the House and Senate would inhibit innovation and skew competition to the detriment of the digital economy and consumers alike.
Events
September 22, 2022
The EU’s Digital Markets Act: A Triumph of Regulation Over Innovation?
Watch ITIF’s Schumpeter Project on Competition Policy's event for an expert panel discussion and presentation of a new report on the challenges ahead in implementing and enforcing the DMA.
August 10, 2022
Dynamic Antitrust Discussion Series: Commissioner Noah Phillips
In this conversation, Director of the Schumpeter Project on Competition Policy, Aurelien Portuese, sits down with Commissioner Noah Phillips of the Federal Trade Association to learn about his views on the current state of antitrust and competition policy and the state of capitalism in America.
June 27, 2022
Dynamic Antitrust Discussion Series: Antitrust and Inflation
Watch the latest installment of the Dynamic Antitrust series, where Julie Carlson moderates a panel with antitrust and inflation experts to get their views on the relationship between corporate concentration and inflation.
June 3, 2022
Assessing the Neo-Brandeisian Revolution: Looking for Mr. Schumpeter?
Watch this expert discussion about how to integrate the Schumpeterian perspective into competition policy as an alternative to the Neo-Brandeisian movement agenda.
April 28, 2022
Dynamic Antitrust Discussion Series: “Chief Economists’ Perspectives on Horizontal Merger Guidelines”
Please join ITIF for the latest in a series of discussions on “dynamic antitrust.” In this installment, Julie Carlson will sit down with former chief economists from the DOJ and FTC to discuss their views on the planned revisions to the guidelines.
Staff
Advisors
More From the Center
March 14, 2023|Blogs
Breaking Up Big Business Would Not Reduce Lobbying
Breaking up large corporations actually would not reduce lobbying. In fact, it would have quite the opposite effect.
March 13, 2023|Reports & Briefings
Platforms Are the New Organizational Paradigm
Just as there was opposition to the corporate economy in the early 1900s, there is opposition to the platform economy today. But limiting “platformization” would have considerable long-lasting economic costs for the nation and consumers.
March 7, 2023|Op-Eds & Commentary
The Digital Coase Theorem and the News
In Competition Policy International, Aurelien Portuese writes on digital news aggregators and why the traditional approach favors inefficiency and stifles innovation.
March 2, 2023|Testimonies & Filings
Comments to the Minister of Innovation, Science and Industry of Canada Regarding the Future of Competition Policy
The regulatory onslaught from Europe will not transpose well in Canada because of the latter’s idiosyncratic circumstances: a smaller market, fewer innovation capabilities, and a more commercially avoidable market.
March 1, 2023|Reports & Briefings
The Flawed Analysis Underlying Calls for Antitrust Reform: Revisiting Lina Khan’s “Amazon’s Antitrust Paradox”
In the 2017 law journal article that established her reputation, now FTC Chair Lina Khan ignored or misapplied the economics of two-sided markets, mischaracterized competitive conditions, and did not consider the pro-competitive effects of Amazon’s conduct.
January 18, 2023|Reports & Briefings
Oops! It Turns Out Aggressive Antitrust Would Increase Business Lobbying
The common refrain that big business wields disproportionate political power is overblown. Lobbying data indicates that large firms spend relatively less on lobbying than do smaller firms.
January 2, 2023|Op-Eds & Commentary
Will Antitrust Undermine the Future of Gaming?
If the FTC is concerned that games like “Call of Duty” may be removed from competing platforms, then the solution is simple: It could settle with Microsoft, requiring the company to make this content available on other platforms.
