The monopoly power of massive tech platforms has thrust antitrust law back into the spotlight in recent years. But while everyone was focused on monopoly power, a handful of academics have actually been looking into monopsony power. Specifically, how employers in highly concentrated labor markets use anticompetitive methods to suppress wages.

University of Chicago Law Profe...

In September China's second largest real-estate developer, Evergrand, missed a debt payment estimated in the hundred of billions of dollars. Skeptics and bears on China have long said that its property market, which makes up some 30% of GDP, is over-leveraged and overheated. The recent news has people asking...are the bears right, and could this be China's Lehman Moment.

On...

If Claudia Goldin, Professor of Economics at Harvard University, wins the Nobel Prize in Economics next week, no-one will be surprised. Her work studying the intersection of gender and labor has been vital, both to the world and the field.

But there's a curious argument in her newest book "Career and Family: Women’s Century-Long Journey Toward Equity". Goldin says that tho...

We’re taking a week off as school starts back up, but we wanted to reshare this episode with you this week. For a show about economics, we talk about democracy a lot. But there’s an important reason for that. Without a strong democracy to build capitalism on top of, it’ll always be an isn’t.

So please enjoy our conversation about the important intersections of capitalism ...

Environmental, social and governance investing, also know as ESG, has exploded in recent years. It promises to help us solve problems like climate change and inequality all while allowing investors to still turn a profit.

But BlackRock’s former global chief investment office for sustainable investing, Tariq Fancy, says it isn't what's being advertised. Recently, he penned a...

Capitalism doesn't work without democracy. So, it's particularly concerning that polarization and fundamentalism are threatening the underlying principles that make our democracy possible.

A new book by Northwestern President and economist Morton Schapiro and literary scholar Gary Saul Morson called "Minds Wide Shut" explores the forces that are destroying the open-mindedne...

Does meritocracy create a better world for everyone, or does it create massive inequality? There's been a lot of debate in the last few years about meritocracy, and it's become even more pressing in light of the pandemic. If essential workers are "essential", are they really less meritorious than a banker or accountant? So, we decided to discuss both sides of this debate i...

The University of Chicago Podcast Network is excited to announce the launch of a new show, it’s called "Entitled" and it’s about human rights. Co-hosted by lawyers and UChicago Law School Professors, Claudia Flores and Tom Ginsburg, Entitled explores the stories around why rights matter and what’s the matter with rights.

We’re going to share the first episode of that show w...

Does meritocracy create a better world for everyone, or does it create massive inequality? There's been a lot of debate in the last few years about meritocracy, and it's become even more pressing in light of the pandemic. If essential workers are "essential", are they really less meritorious than a banker or accountant? So, we decided to discuss both sides of this debate i...