Stigler Center Press Coverage

May 19, 2017

Zingales Says A Lot of People Left Out of U.K. Growth (bloomberg)

Luigi Zingales, professor at University of Chicago Booth School of Business, discusses Brexit and the Tory Party’s manifesto. He speaks with Guy Johnson on "Bloomberg Surveillance."

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May 19, 2017

President Trump Is Strongly Committed to NATO, Stoltenberg Says (bloomberg)

NATO Secretary General Jens Stoltenberg says President Trump has told him that he is strongly committed to NATO. Prior to that, Robert Hormats, Kissinger Associates’ vice chairman, says Merkel is the leader of the G-7 now. Luigi Zingales, a professor at University of Chicago’s Booth School of Business, says Republicans have been missing in action in keeping Trump in check.

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May 14, 2017

Silicon Valley has too much power (ft)

There is a conversation in the US about whether antitrust law should be rethought.

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May 11, 2017

Today's monopolies are yesterday's start-ups (chicagoboothreview)

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.

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May 4, 2017

Friday's business with Katie Prescott (bbc)

The head of Goldman Sachs, has warned that the City of London "will stall" as a financial centre when the UK leaves the European Union.

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April 20, 2017

Are oligopolies bad for the U.S. economy? (mprnews)

MPR News chief economics editor Chris Farrell spoke with Derek Thompson from The Atlantic and Luigi Zingales, professor at Chicago's Booth School of Business, about the effect oligopoloies - airlines, cellphone carriers, internet providers - have on micro and macro economies in the U.S.

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April 17, 2017

Professors Talk Changing Chicago Economics (chicagomaroon)

 An April 12 editorial in The Economist argues that new concern for unregulated monopolies among University of Chicago economists signals a shift away from the traditional “Chicago school” emphasis on free market economics.

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April 17, 2017

 FINANZA/ Se il ministro-ombra del governo Renzi-Grillo rilancia Eurexit (ilsussidiario)

 L'economista Luigi Zingales alza i toni su una resa dei conti sull'utilità dell'euro: è il "discorso" politico di una possibile convergenza post-elettorale Pd e M5S.

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April 16, 2017

Euro sì o no, un dibattito serio e costruttivo. Ecco le regole (ilsole24ore)

Tra i partiti italiani, la Lega è apertamente anti euro. Il Movimento 5 Stelle, Forza Italia, e Fratelli d’Italia sono più ambigui, tra proposte di una “moneta fiscale”, illegale nel contesto dell'unione monetaria europea, e un improbabile referendum, che ci costringerebbe ad una uscita dall’euro ad urne ancora aperte.

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April 13, 2017

Boycotting United will never work. Here’s Why (bloomberg)

 Angry about what happened in Chicago? The airline monopoly leaves you with few choices.

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April 12, 2017

The University of Chicago worries about a lack of competition (economist)

 Its economists used to champion big firms, but the mood has shifted.

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April 10, 2017

M5s, l’economista Zingales: “Ministro coi 5 stelle? Fake news. Sono solo più aperto di altri ad alcune loro idee” (ilfattoquotidiano)

 “Fantapolitica. Semplicemente a differenza degli altri, che sono molto rigidi, io sono più aperto intellettualmente anche a delle buone idee che hanno i grillini. Ma da qui a un governo, ne passa di strada”. Parola di Luigi Zingales, economista dell’Università di Chicago indicato da alcuni come papabile ministro dell’economia di un futuro governo M5s.

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April 6, 2017

Accounting cops have tough task of cracking down on corporate fraud (chicagotribune)

 When it comes to policing corporate fraud, independent auditors are supposed to be the cops on the beat, but too often they miss or overlook important clues that signal big trouble is brewing.

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April 4, 2017

This Budding Movement Wants to Smash Monopolies (thenation)

 A very small number of companies control most of the economy. Why hasn’t that been challenged?

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March 27, 2017

Salviamo la Ue dagli «europeisti» (ilsole24ore)

La narrativa prevalente nelle celebrazioni per il 60° anniversario del Trattato di Roma è che bisogna salvare l’Europa dai populismi. Il meraviglioso progetto iniziato dai nostri padri, che ha portato pace e prosperità nel Continente, viene oggi messo in dubbio da leader senza scrupoli che aizzano un popolo ignorante a votare contro il proprio interesse. Quanto di vero c’è in questa narrativa?

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March 23, 2017

Lavish Rome Treaty Summit Will Skirt Issues in Stumbling Italy (bloomberg)

As leaders celebrate the European Union’s 60th birthday in Rome this weekend, the host nation may be hoping that a pomp-filled ceremony distracts from any probing questions..

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March 17, 2017

De er blitt tiet ihjel, angrepet og svartmalt. Men tyveri kan fungere best mot populistene. (aftenposten)

ROOSENDAAL/OSLO (Aftenposten): Statsminister Mark Rutte brukte populistenes tøffe tone og vant valget i Nederland. Men strategien er farlig, mener flere forskere.

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March 15, 2017

O leilão eleitoral (estadao)

Cientista político Marcus Melo, empregando conceitos de seu colega de profissão Iain McMenamin, analisa relação entre empresas e políticos no Brasil, e prevê futuro melhor.

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March 13, 2017

Expert says democracy is in trouble, has been for decades (columbiachronicle)

Recent concerns over the current state of American democracy are warranted, but the loss of confidence in the system began long before the controversial 2016 presidential election, according David Moss, a professor at the Harvard School of Business.

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March 13, 2017

Double Standard in Advisor Punishment (barrons)

Women financial advisors who engage in misconduct face harsher punishment and worse career repercussions than their male counterparts, reports InvestmentNews, citing new research.

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March 13, 2017

Buckle Up America: Trump is Our Berlusconi and We Are All Italians Now (mediaite)

Earlier this month, President Donald Trump addressed members of the United States Navy from aboard the U.S.S. Gerald Ford. Ditching his usual suit and tie (and scotch tape) for a naval jacket, the president reiterated his promise for large increases in military spending. The performance was somewhere between George W. Bush’s Mission Accomplished speech and the Michael Dukakis tank.

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March 13, 2017

Research finds double standard for misbehaving female advisers (investmentnews)

Male advisers are three times more likely to go rogue, but women pay higher price for transgressions.

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March 6, 2017

Crafts, Garicano, and Zingales on the Economic Future of Europe (econtalk)

What is the future of the European economy? What are the challenges facing Europe? What are the implications of Brexit for the United Kingdom and the rest of the Europe? Nicholas Crafts of the University of Warwick, Luis Garicano of the London School of Economics, and Luigi Zingales of the University of Chicago's Booth School of Business talk with EconTalk host Russ Roberts about these questions and more in front of a live audience at Stanford University's Hoover Institution.

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March 2, 2017

A corruption probe raises uncertainty over the future of Eni’s boss (economist)

Oil giant’s response also raises corporate-governance concerns.

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February 26, 2017

La politica può aiutare la (buona) innovazione (ilsole24ore)

Dopo il Governo Prodi e quello Monti, anche il Governo Gentiloni si arrende ai tassisti, gli altri governi non ci hanno neppure provato. Grazie alla pavidità della nostra classe politica, i tassisti sono riusciti a bloccare non solo la forma più economica di Uber (quella che negli Stati Uniti si chiama Uber Pop e costa il 30% meno dei taxi americani che costano il 30% meno di quelli nostrani), ma a rendere difficile e costosa anche l'opzione di Uber che utilizza le auto blu registrate per il trasporto clienti.

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February 22, 2017

After April’s March for Science, what next for anti-Trump scientists? (theguardian)

To counter Trump’s administration, scientists need counter-propaganda, evidence-based alternative policies and political representation.

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February 20, 2017

Liberals and the Trump Blame Game (nytimes)

Ever since Donald Trump announced his presidential campaign and shot to the top of the polls, some political analysts have blamed liberals and liberalism for his rise. (For a long list of examples, type the words “Trump liberals fault” into Google.)

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February 5, 2017

Como sobreviver a Donald Trump? (publico)

A condição decisiva para a América sobreviver a Donald Trump é tratar a polarização que a dilacera. É a mais difícil das tarefas políticas.

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February 5, 2017

News Analysis: Could populist victory in Italy set up tricky referendum on euro (xinhuanet)

Financial markets are responding to prospects that Italy may leave the 19-member Eurozone, as chances grow that the anti-euro Five-Star Movement political party may win the next round of national elections.

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February 1, 2017

Dashed Expectations Power White Anger (bloomberg)

A while ago, I wrote about a new theory that’s gaining some ground in economics and finance. This is the theory of extrapolative expectations, which says that people tend to mistakenly think that recent trends are going to keep going. That theory could help explain financial bubbles. But I also believe it can help explain a lot of the anger we’re now seeing in the political world -- especially the rage that led to the rise of Donald Trump.

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January 31, 2017

Marc Faber: Has The Trump Presidency Begun In The Worst Possible Way For All Those Who Believe In Free Markets? (investmentwatchblog)

According to University of Chicago Booth School of Business Professor Luigi Zingales, “it is clear that the Trump industrial policy will be pro-business, not pro-market. It may seem to be a nuance, but there is a fundamental difference.

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January 30, 2017

Luigi Zingales: «Donald Trump et les entreprises, c’est la loi du Parrain»" (lopinion)

Pour l’universitaire américain, les industriels « vont concentrer l’essentiel de leurs efforts à complaire au pouvoir en place de peur des représailles », ce qui nuira à l’innovation et à l’investissement.

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January 17, 2017

Luigi Zingales: las políticas económicas de Trump "son pro-negocios, no pro-mercado" (pulso)

Las condiciones favorables a las empresas locales, dice el profesor de la U. de Chicago, no permiten que las compañías y consumidores se beneficien de la competencia internacional. Además, critica los ataques que el presidente electo hace a través de su cuenta de Twitter.

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January 15, 2017

Morosos al descubierto (elperiódico)

La Asociación Bancaria Italiana ampara la filtración de la lista de los causantes del agujero de 47.000 millones del Monte dei Paschi di Siena. Empresarios, inmobiliarias, armadores y equipos de fútbol figuran entre los nombres.

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Nov 20, 2016

Contro Fakebook, per il next journalism (blog.debiase)

Vale la pena di ricordare oggi il libro di Bill Kovach e Tom Rosenstiel: Blur. How to know what’s true in the age of information overload. È un manuale dedicato ad aumentare la consapevolezza dei giornalisti e del pubblico intorno alle abilità metodologiche che devono essere coltivate da chi cerchi di conoscere come stanno le cose intorno ai fatti di attualità (e non solo).

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Nov 11, 2016

Chicago’s Booth School seeks business journalists for 10-week program (talkingbiznews)

The Stigler Center at the University of Chicago Booth School of Business is launching a Journalists in Residence Program from March 27–June 2, 2017.

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Nov 10, 2016

Trump’s First Task: Close the Wall Street-Washington Wormhole (wallstreetdaily)

Hot takes abound here in the immediate aftermath of one of the most historic presidential elections in U.S. history. Here’s one about a subtle step to shake up the Establishment.

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Nov 8, 2016

A Trump-Clinton donor divide: Home values (chicagobusiness)

If there are Clinton victory parties tonight in Chicago, they're likely to be in nicer homes than celebrations for a Trump win. The median home value for a Chicago-area donor to Democrat Hillary Clinton's campaign is almost one-third higher than the median for donors to Republican Donald Trump, according to research from the University of Chicago.

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Oct 4, 2016

Capture and Ignorance in Financial Regulation (cato)

After spending some years in both legislative and regulatory policy roles, I’ve come to even more strongly believe that almost everything you really need to understand regulation can be found in Peltzman’s classic 1976 extension of Stigler’s original economic model of regulation.

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Sept 2, 2016

How to come up with a strategy under true uncertainty (lsebusinessreview)

In uncertainty, strategic advantage comes from organisational form, instead of plan, writes Prateek Raj.

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Aug 11, 2016

'Googlement' Pushes Aside 'Government Sachs' (bloombergview)

You remember “Government Sachs,” right? It’s the nickname that gained currency during the financial crisis for the Wall Street firm and its alumni, who seemed to occupy every crucial position in Washington. Well, now there’s Govergle. Or maybe it’s Googlement. Alphament, anyone?

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Aug 10, 2016

India’s Outgoing Central Bank Governor Rajan Says He Didn’t Pay Attention to Personal Attacks (blogs.wsj)

Raghuram Rajan said in TV interview that academic life 'gives you a pretty thick skin'

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July 28, 2016

What Does "Regulatory Capture" Mean to Business and the Economy? (inc.)

Bernie Sanders has helped popularize an idea that regulators are in thrall to the businesses they oversee. But there are almost as many definitions of 'capture'--and its broader implications-- as there are people chattering about it.

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July 15, 2016

Brexit: The Fallout In Italy (wbez)

It’s been less than a month since the UK voted to leave the European Union, so there is still a lot of uncertainty about how the vote will impact the rest of the EU. One those countries caught up in that uncertainty is Italy.

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Jun 12, 2016

Raghuram Rajan's battle against crony capitalism: University of Chicago colleague defends RBI chief (scroll.in)

Rajan has rightly decided to force Indian banks to cut down exposure to their most dubious borrowers, writes Luigi Zingales.

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Jun 6, 2016

Study Of Global Billionaires Suggests Americans Are Getting Fleeced By Rents (ibtimes)

It should come as no surprise that the US leads the world in the absolute number of billionaires in the country — 536 in 2015. But what those billionaires say about America is less obvious. In a new study, researchers parsed the global list of billionaires maintained by Forbes magazine, examining trends across the world over the past two decades. America’s billionaires demonstrated three things: fewer heirs, more financiers and higher rents.

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May 17, 2016

Quando e perché le banche controllano i giornali (vvox)

Gli inglesi la chiamano regulatory capture, la “cattura del regolatore”: il fenomeno – studiato dagli economisti – delle authority di controllo che finiscono per fare gli interessi dei controllati. «Ce n’è però un altro, ugualmente preoccupante, che io chiamo la “cattura dei media”, di cui però non si interessa nessuno, ed è un grave errore perché ha un rilievo enorme». Luigi Zingales è un economista di fama: ex cda di Eni e Telecom, insegna a Chicago ma è anche editorialista per il Sole 24 Ore e L’Espresso.

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May 06, 2016

Commentary: To get Trump's appeal, look to why Italy elected Berlusconi (chicagotribune)

With his big victory in Indiana, Donald Trump has all but secured the Republican presidential nomination. What nearly a year ago many considered a joke has now become reality, and it is time to consider the causes and the consequences of the Trump phenomenon.

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May 05, 2016

Growing Support for a National Health Program and Health Care as a Human Right (huffingtonpost)

We can thank Bernie Sanders’ presidential campaign for putting single-payer national health insurance (NHI) on the front burner of today’s national political discussion. This is long overdue and especially timely as the two parties debate alternatives for future U. S. health care.

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Mar 28, 2016

L’étonnante impunité des directeurs de banques (letemps)

Les conflits juridiques entre le Département américain de justice (DOJ) et les banques ont donné lieu à des règlements financiers, mais les directeurs ont été épargnés. Un journaliste d’enquête explique les raisons d’une justice dorénavant à deux vitesses.

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Mar 18, 2016

La rabbia dei bianchi è benzina per Trump (espresso)

Il miliardario è molto popolare tra coloro che più hanno pagato la crisi economica. Ma la sua ricetta non li favorirà. E farà aumentare il deficit.

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Feb 4, 2016

Money and Influence in 2016 Presidential Campaign Tracked by New Index at Chicago Booth (newswise)

As the 2016 presidential campaign attracts more money and bigger political donations than any campaign in US history, the University of Chicago Booth School of Business has created a financial index to capture the influence that corporations and special interest groups have on politics and the economy.

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Jan 28, 2016

Can a $4 Million Gift Bring More MBAs to the Nonprofit and Public Sectors? (insidephilanthropy)

A Wall Street Journal article published earlier in the decade examined the fact that at the time, fewer than 5 percent of graduates from many top business schools take jobs at nonprofit organizations right out of school.

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Sep 16, 2015

A Conversation with Luigi Zingales (medium)

Conversations with Tyler: Tyler Cowen and Luigi Zingales discuss Italy, Donald Trump, Antonio Gramsci, Google and conglomeration, Luchino Visconti, Starbucks, and the surprisingly high productivity of Italian cafés.

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