Economic Theory

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.
Economic Theory
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September 17, 2020
Reducing unemployment and getting the COVID-impacted economy back to some semblance of normality is clearly the top economic task.
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.
July 6, 2020
The entrepreneurial spirit is alive and well in America, but it’s easy for successful organizations to get comfortable and stop innovating to avoid disrupting their success. We see this across industries, as well as in government and the nonprofit sector.
June 29, 2020
Not really. Despite the measured rise in concentration in some industries, in the vast majority of markets it remains well below the levels that would normally trigger antitrust concerns.
June 22, 2020
Labor productivity growth during the U.K.'s Industrial Revolution averaged below 0.4 percent from 1770 to 1830, and only gradually increased to about 0.8 percent in 1860.
June 1, 2020
No, markups have increased only slightly in some industries—and have stayed the same overall—which refutes claims that market concentration is giving firms more pricing power.

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