Antitrust in American History: Law, Institutions, and Economic Performance
The Chicago School’s weakening of antitrust law hurt the economy
Read more...Category Archives: Market inefficiencies
Promotions and the Peter Principle
The Peter Principle lives!
Read more...Report: Going 100% Renewable Power Means a Lot of Dirty Mining
Looking at some of the non-CO2 costs of increasing renewable energy production and distribution.
Read more...Warren’s Antitrust Proposal: Should We Break Up Big Tech, or Just Regulate It Better?
While it is gratifying to see Senator and presidential contender Elizabeth Warren focusing on antitrust and the abuse of monopoly power, her $25 billlion fix looks too simplistic.
Read more...Have We Already Passed World Peak Oil and World Peak Coal?
Gail Tverberg extends her peak oil analysis to coal and finds a similar pattern.
Read more...Don’t “Buyback” Fair Labor Standards
Why the Schumer/Sanders bill on stock buybacks isn’t a very good instrument for improving labor rights and work standards.
Read more...How Imperfect Knowledge Shapes Financial Markets
A discussion of various theories of how financial markets set prices.
Read more...How the Peak Oil Story Could Be “Close,” But Not Quite Right
An in-depth look at the “peak oil” thesis and how well its predictions are playing out.
Read more...Marshall Auerback: In Antitrust, Size Isn’t Everything
Simply breaking up monopolies via century-old economic remedies recommended by antitrust doctrine is insufficient if it is not accompanied by a rebalancing of economic power.
Read more...Ray Dalio: Capitalism Isn’t Working
A squillionaire critique of capitalism. Funny how they decry inequality but won’t give all their money away to help remedy that.
Read more...Stumped by the Stock Market Slump? Start by Picturing a Used Car Dealership
Trading stocks can be a lot like buying a used car.
Read more...Global Uncertainty Is Rising, and That is a Bad Omen for Growth
The World Uncertainty Index reveals how uncertainty in the world has evolved over time, whether it is synchronised across countries, and how it compares across income groups and political regimes.
Read more...Why I Have Given Up on Powell’s Books
My inability to place an online order at Powell’s Books despite multiple attempts says something is very wrong.
Read more...Marshall Auerback: Apple Has an Early Case of GE’s Disease
Silicon Valley stars like Apple suffer from financialization—the same ailment that felled GE and Lucent.
Read more...Market Failure in Kidney Exchange
Within the US, the majority of kidney exchanges continue to be performed within hospitals, suggesting a fragmented market that comes at a large efficiency cost. National platforms may need to be redesigned to encourage full participation, with reimbursement reform.
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