Munich Security Conference / Kuhlmann
Is everyone who participates in a capitalist economy—from store clerks to tech titans—more or less equally important to that economy’s healthy functioning? Or is there a special class of people who are truly essential to capitalism? Some thinkers have emphasized the monumental cooperative effort that’s required to produce the most mundane of products, while others, such as the novelist Ayn Rand, have focused on the elite few whose world-changing ideas and inventions are rocket fuel to the engine of commerce. As Chicago Booth’s John Paul Rollert explains, whichever view you lean toward may have implications for your ideas about inequality.
Pulitzer Prize-winning reporter Brody Mullins explains how corporations use lobbying to generate political influence.
Capitalisn’t: How Lobbying Led to Crony Capitalism
While consumers are a little hazy about overall inflation, asking them about prices for individual categories yields more realistic forecasts.
People Can Forecast Price Rises—If Asked the Right Questions
Chicago Booth’s Sam Peltzman talks about his research on political ideology.
Do You Really Get More Conservative As You Age?
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