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
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.
