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.
Read more about the Schumpeter Project and stay posted by signing up for ITIF emails and checking the box for “regulation and antitrust” under “innovation and competitiveness.” Interested in working with us? Learn more about our fellowships and affiliate program. We also invite graduate students to submit papers to be considered for a $2,000 Schumpeter Prize.
Featured Publications
The Meteoric Rise (and Fall) of Lina Khan
Lina Khan has championed a more aggressive, populist approach to antitrust enforcement, which would have posed real risks to innovation and economic growth. Yet, at her one-year anniversary as chair, the antitrust revival she promised appears to have fizzled.
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.
“Please, Help Yourself”: Toward a Taxonomy of Self-Preferencing
Prohibiting companies from favoring their own products ignores all the ways it promotes competition and benefits consumers. Antitrust reforms should differentiate that pro-competitive self-preferencing from certain exclusionary practices.
Events
June 27, 2022
Dynamic Antitrust Discussion Series: Antitrust and Inflation
Please join ITIF for the lastest 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?
Join ITIF for an 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.
April 14, 2022
Dynamic Competition and Public Policy: Reflecting on the Path Forward for Schumpeterian Antitrust
ITIF’s Schumpeter Project on Competition Policy and George Washington University’s Regulatory Studies Center co-hosted a special conference for antitrust scholars and practitioners to gather and reflect on the Schumpeterian approach to antitrust as we paid tribute to Jerry Ellig’s seminal work on dynamic antitrust.
April 8, 2022
Joint Conference on Precautionary Antitrust: The Rule of Law and Innovation Under Assault
Please join ITIF’s Schumpeter Project on Competition Policy and the Classical Liberal Institute at NYU School of Law for a joint conference to discuss the shifting antitrust paradigm and its implications for the rule of law and innovation.
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More From the Center
June 21, 2022|Publications
The Revised (But Uncorrected) Version of the Klobuchar Bill
The revised version of the Klobuchar bill (S.2992), aimed at prohibiting a few large tech companies from self-preferencing their services and forcing them to grant their rivals access to vital proprietary assets, fails to correct the critical deficiencies of the bill’s original version. This report provides a legal analysis of the new, yet uncorrected, pitfalls of the Klobuchar bill.
June 17, 2022|Publications
Withdrawal of Antitrust Guidance on SEP Enforcement Is Nothing to Cheer About
By withdrawing the 2019 statement in its entirety, SEP-holders have only the guidance provided by the FTC’s prior enforcement actions—which is to say they have no guidance at all.
June 17, 2022|Publications
Everything Old Is New Again: The Misleading Narrative About Concentration and Inflation
Not only is more aggressive antitrust enforcement likely to be ineffective at combatting inflation, some economists have argued that it may even make inflation worse.
June 12, 2022|Publications
The Digital Markets Act: The Path to Overregulation
European regulation is on a collision course with innovation, and looms in the hazards of overregulation.
June 6, 2022|Publications
The Ad-Tech Bill That Breaks Up Online Advertising
Decimating the two-sided digital advertising market would not only undermine economic efficiency, but it would also set digital advertising back 30 years, forcing publishers and advertisers to blindly search for one another as they did in the 1990s.
June 6, 2022|Publications
Why In-App Payments Make Sense, And the Open App Markets Act Does Not
The OAMA threatens the vibrancy of the app ecosystem. The Senate should not attempt to fix an app ecosystem that is not broken.
May 26, 2022|Publications
How an Antitrust Bill May Harm Consumers: The AICOA Bill Illustrated
It is time for members of Congress to reflect on the numerous unintended consequences of the AICOA bill, or else the passing of this bill will weaponize antitrust laws at the expense of innovation and consumer welfare.
