Economic Theory

Lax antitrust enforcement has supposedly led to diverse harms such as the stagnation in wages, fewer startups, increased political influence, and reduced innovation. Two of the most important claims are that profits and markups are rising in many industries. But on closer inspection, both claims appear weaker than asserted.
Economic Theory
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November 23, 2020
Because the unemployment insurance system is structured as a state-federal partnership, most states compete for business by limiting unemployment insurance payments.
November 22, 2020
Lax antitrust enforcement has supposedly led to diverse harms such as the stagnation in wages, fewer startups, increased political influence, and reduced innovation. Two of the most important claims are that profits and markups are rising in many industries. But on closer inspection, both claims appear weaker than asserted.
October 28, 2020
Searching for sanity in electoral politics may prove as complicated as searching for sanity in modern antitrust enforcement.
October 5, 2020
The most important determinant of a nation’s economic wellbeing is the growth in per-capita GDP. The principle way that growth occurs is through productivity growth.
September 26, 2020
As Lord David Sainsbury writes in his new book “
September 14, 2020
For too long, economic policy in the U.S. and Commonwealth nations has been guided by the “market efficiency” school.
August 28, 2020
Uber and Lyft had suggested they would be forced to shut down their activities in California, leaving many workers with less work and consumers with fewer options. But the outcome of the case remains uncertain, and while a referendum this fall could eventually repeal the law, their business model remains under attack.
August 3, 2020
Many say the decline in new business formation over the past 30 years has been caused by increased monopoly. But there is no statistical relationship between start-up creation and change in concentration by industry; high-growth start-up activity is healthy.
July 29, 2020
Today anytime anyone wants to delegitimize any company or industry for any reason, it’s enough now to note that the company or industry in question is seeking to make a profit.
July 11, 2020
To shift the U.S. economic policy towards enterprise, policy makers on both sides of the aisle must focus on productivity and competitiveness.

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