Competition is the essence of a capitalist economy, says Chicago Booth’s Luigi Zingales. But he cautions that in the United States, industry concentration is growing, and an increasing number of academics are concerned about the ramifications. Companies such as Google, which benefited early on from antitrust enforcement against Microsoft, are now themselves corporate powers, exerting enormous influence over regulators. This, he cautions, could have consequences.
Research takes a broad view of what happened when Chicago tore down distressed public housing.
Line of Inquiry: Milena Almagro on Public Housing Demolition and Urban Inequality
Chicago Booth’s Raghuram G. Rajan, former Governor of the Reserve Bank of India, discusses paths for growth for the world’s largest democracy.
Can India’s Economy Break the Mold?
Investment manager Jim Chanos discusses short selling’s role in financial markets.
Capitalisn’t: Is Short Selling Dead?Your Privacy
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