Antitrust-Isn't: The Story Of Declining Enforcement In America

Academics and policymakers alike draw a significant correlation between some of today's biggest problems - such as economic inequality - with rising corporate concentration and the ever-decreasing lack of antitrust enforcement. How did this narrative come to be? Is it necessarily correct, and how has it persisted over time? A new paper provides just this data, and it's co-authored by our very own co-host Luigi Zingales, along with Filippo Lancieri, JSD alum, and Eric Posner, Professor, both from the University of Chicago Law School. Using data around public demand, Supreme Court nominations, State of the Union speeches, and more, Luigi and his co-authors reveal that the key driver behind declining enforcement wasn't the Chicago School of Economics, but rather, special interests. In this episode, Luigi and Bethany chart this story right from the beginning, its lessons for today, ways to change the current state of affairs, and most importantly, why antitrust matters. Link to paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4011335 Show note: For aspiring pre-doctoral students who wish to work with Luigi for two years on this research and more, he is hiring a Research Professional! Check out the job description and apply/share: https://www.chicagobooth.edu/research/stigler/about/job-opportunities.