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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

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.

Antitrust Populists Don’t Seem to Care About the Poor

Antitrust populists are crusading against the market advantages of large brick and mortar retailers, such as Walmart, and large online retailers like Amazon. But those advantages largely flow to consumers—particularly low-income ones.

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

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.

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Events

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.

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.

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Staff

JulieJulie Carlson

Associate Director, Schumpeter Project on Competition Policy

HadiHadi Houalla

Research Assistant

TrelysaTrelysa Long

Research Assistant

AurelienAurelien Portuese

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

Partner, Baker Botts

DavidDavid Teece

Executive Chairman, Berkeley Research Group

More From the Center

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.

July 29, 2022|Blogs

The Road to Antitrust’s Least Glorious Hour

There is pressure to pass the American Innovation and Choice Online Act (AICOA) before the August recess. But either way, some of the damage from AICOA may already be done. The bill has moved the antitrust dialogue that will harm innovation and consumers.

July 29, 2022|Blogs

The FTC’s Unfair Jab at Meta Is a Sharp Blow to the Nascent VR App Market

The FTC filed a complaint in federal district court seeking to block Meta’s acquisition of the virtual reality start-up, Within Unlimited. The complaint is seriously flawed, but if successful, its challenge to the acquisition could deliver a serious blow to the nascent VR app market.

July 29, 2022|Op-Eds & Commentary

Don’t Be Afraid of the Metaverse

The European Commission’s vigilance in monitoring large digital operators reveals an unfortunate distrust toward technology.

June 21, 2022|Reports & Briefings

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|Blogs

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|Blogs

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.

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