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Schumpeter Project on Competition Policy

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.

Featured Publications

The Process of Creative Destruction, Illustrated: The US Retail Industry

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: 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

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

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

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.

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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.

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Staff

JulieJulie Carlson

Policy Fellow

HadiHadi Houalla

Research Assistant

TrelysaTrelysa Long

Research Assistant

AurelienAurelien Portuese

Co-Director, Schumpeter Project on Competition Policy

Advisors

PhilippePhilippe Aghion

Professor, College de France, LSE, & INSEAD

Christopher G.Christopher G. Caine

President and Founder, Mercator XXI

RichardRichard Gilbert

Professor Emeritus, UC Berkeley

DavidDavid Kappos

Partner, Cravath, Swaine & Moore LLP

MaureenMaureen Ohlhausen

Former Acting Chairwoman, Federal Trade Commission

DavidDavid Teece

Executive Chairman, Berkeley Research Group

More From the Center

October 27, 2022|Op-Eds & Commentary

Pandemic Puppies and Private Equity

The recent concerns antitrust enforcers have raised about private equity—that it creates market power, facilitates unfair methods of competition, and undermines the competitive viability of acquired firms—are largely unfounded.

October 24, 2022|Blogs

What’s Past Is Prologue: Microsoft’s Acquisition of Activision Blizzard Does Not Raise Foreclosure Concerns

Competition authorities in the United Kingdom fear Microsoft will keep Call of Duty off Sony PlayStations if it acquires the game’s publisher. But that’s not what happened when it bought the developer of Minecraft, and there’s no reason to believe this time will be different.

October 12, 2022|Op-Eds & Commentary

Toward International Antitrust: Challenges and Opportunities

International mergers, international cartels, and multinationals engaging with customers across borders underscore the need for greater legal certainty when it comes to antitrust enforcement and policy.

September 25, 2022|Blogs

That NAICS Code Does Not Mean What You Think It Means

The Biden-Harris Economic Blueprint, released on September 9, perpetuates long-dispelled myths about industrial concentration.

September 19, 2022|Op-Eds & Commentary

Precautionary Antitrust: The Changing Nature of Competition Law

The Federal Trade Commission has announced rulemaking activity on unfair methods of competition, thereby signaling a shift from ex-post judicial enforcement toward ex-ante rules of competition. Such a shift illustrates a precautionary approach to competition matters.

August 10, 2022|Blogs

A Tribute to FTC Commissioner Noah Phillips

During his four years of service, Commissioner Phillips proved himself to be a tremendously kind and knowledgeable person, making extraordinary contributions to the FTC’s work.

August 2, 2022|Blogs

Amazon’s Acquisition of One Medical Brings Needed Innovation to Primary Care

Amazon has combined three things that business strategists said could not be done—low costs, high quality, and customization. “Amazoning” health care that way would be a good thing.

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