All News

Can a CEO in Good Conscience Not Be a Crony Capitalist?

The above question — posed by Brucest1, a reader of this blog — is extremely important and deserves a fully articulated answer. Brucest1 seems to conclude that a...

Stigler Center Survey Reveals: Majority of Americans Concerned About the Influence of Campaign Donors on Candidates

Survey: 57 percent of Americans believe candidates who take money from big businesses, unions and special interest groups are under their control.  In the past year,...

Donald Trump, Crony Capitalist

The sleep of reason produces monsters, at least according to Spanish painter Francisco Goya. What happens when the political reason is intoxicated by vested...

Why This Blog?

There is an issue that– while extremely important today–receives little attention not only in the traditional media but also in the blogosphere, and academia:...

Is Fraud in the Financial Sector a “Bug” or a “Feature”?

Study: 7 percent of financial advisers have misconduct records - 44 percent are hired within a year. A new paper by Mark Egan, Gregor Matvos...

From Mancur Olson to Bernie Sanders

Professor George Stigler, the Nobel Laureate (1982) who in some ways invented the idea of “regulatory capture,” and Professor Mancur Olson, who developed some...

"Capture is Everywhere – It Happens at the Highest Levels of Our Democracy"

Armed with research on drug patents and a spate of internal emails from the United States Patent and Trademark Office, hedge fund manager Kyle...

Campaign Financing Capture Index

The first part of the new project by the Stigler Center on the influence of money on politics: of the remaining presidential candidates, Marco...

Stigler Fellow of the Month: Beyond the Traditional Capture Theory

Harvard Business School's Rafael Di Tella is "Stigler Fellow of the Month". He talks about how any theory of regulation should consider the roles...

Study: Politically Connected Private Equity Firms Hire More, Fire Less in Order to Help Incumbent Politicians

Private equity firms are not often associated with job gains. A new paper by Mara Faccio and Scott Hsu reveals the political dynamics that lead...