Taxi drivers in the United States pay upfront to buy or lease a medallion and keep the fares for themselves. With Uber or Lyft drivers, instead, no medallion is required, but they must pay a proportion of the fares to the ride-share companies. Sydnee Caldwell and colleagues conducted a series of experiments and found a strong aversion to the medallion lease […]
Economists have explicitly recognised the possibility that regulatory agencies may be captured by those whom they are supposed to regulate. However, the economics profession has been much more hesitant about recognising similar conflicts of interests that may exist in economics and finance research (i.e., academic capture). Thorsten Beck and Orkun Saka report on the related discussions and research recently […]
The expanded presence of multinational enterprises in the world raises questions about how a country benefits from foreign direct investment. Kasper Vrolijk looks at global value chains (firms organising production across multiple countries) and “superstar firms”, those accounting for a large share of overall economic activity, with market concentration. He suggests that governments might have to adopt firm-specific policies, weighing […]
The COVID pandemic is altering the face of stock exchanges worldwide and threatens the continued hegemony of the American NASDAQ and the New York Stock Exchange (NYSE). Tensions between the US and China and Brexit contribute to the crisis. Alissa Kole writes that developed market stock exchanges, remade as technology companies, will face an uphill battle in light of unfolding political and […]
People spend money on things that are conspicuous, or highly visible to others, to project wealth. But we shouldn’t assume people are wealthy based on their spending habits. Some people prefer to save most of their income; others spend more than would be financially advisable. Heather Kappes warns us that when we infer people’s wealth by what we see […]
This month sees two billionaires – Richard Branson and Jeff Bezos – perform suborbital flights on vehicles designed by their own companies. Hanh Nguyen-Le tracks the recent history of billionaire space projects, from space tourism, to operating commercially and contracting with the federal government. Despite billionaires’ unpopularity with much of the public, they argue that billionaire-involvement in space is […]
In The Pay Off: How Changing the Way We Pay Changes Everything, Gottfried Leibbrandt and Natasha de Terán offer a new account of the history and workings of payments infrastructures, showing how the movement of money is crucial to understanding financial power today. Offering careful and accessible insight into the basics of payments and intelligent analysis of the Fintech boom, this […]
In Advanced Introduction to Feminist Economics, Joyce P. Jacobsen provides an overview of feminist economics, exploring how various areas of economics intersect with feminism. Full of rich references, this book is a treasure trove for those embarking on ‘doing’ feminist economics, showing how it can challenge the prevailing dogmas of mainstream economics with multiple approaches, writes Rajshree Bedamatta.
Advanced Introduction to Feminist Economics. Joyce P. […]
Amid fierce public debates about the size of the Biden administration’s coronavirus protection and stimulus package, the Initiative on Global Markets Forum (the University of Chicago Booth School of Business) invited a panel of US experts to express their views on the likelihood of the economy ‘overheating’ and causing inflation as a result. Romesh Vaitilingam writes that the survey […]
Most states, cities and local authorities in the US are concerned with promoting and maintaining a favorable “business climate” in order to attract inward investment, jobs and other economic benefits. Using General Electric’s “Better Business Climate” program as a case study, Caroline Hanley finds that the concept was mobilized by a grassroots conservative political movement in the 1950s as […]
The Supreme Court’s ‘fair share’ case is an existential threat to public sector unions. But it may force them to engage and embrace choice.
US and Chinese tech firms increasingly play a game of Pac-Man
The future of EU international investment policy – What clues to take from NAFTA 2.0?
The interlock between company boards and investment banks in the early 1900s
Ayşe Işın Kirenci reviews The New Age of Empire: How Colonialism and Racism Still Rule the World by Kehinde Andrews
Matt Bluemink reviews What Do We Know and What Should We Do About Fake News? by Nick Anstead
Kyle Scott reviews Meddling in the Ballot Box: The Causes and Effects of Partisan Electoral Interventions by Dov H. Levin 
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