Business & Industry

The idea that businesses are run to maximize profits for shareholders is just plain wrong, says William Lazonick

One of America’s leading socialists discusses how a collectively owned economy would be structured, the limits of the welfare state, and what Keynes understood that Marx didn’t

The Chicago School’s weakening of antitrust law hurt the economy

This paper presents an historical analysis of the antitrust laws.

US counties with prison labor often have lower wage and employment growth

Author Samuel Stein talks about how capitalism shapes housing and what economists have in common with city planners

We need to ban stock buybacks, while building a movement for basic economic rights

The World Economic Roundtable seeks to help the business, investment, and policy communities understand ongoing changes in the world economy and to promote a discussion of ideas that can advance the goal of a widely shared global prosperity.

Are regulatory interventions delayed reactions to market failures or can regulators proactively pre-empt corporate misbehavior?

Adair Turner discusses his new book, Between Debt and the Devil: Money, Credit, and Fixing Global Finance.

Bill Mitchell presents a coherent analysis of how money is created, how it functions in global exchange rate regimes, and how the mystification of the nature of money has constrained governments, and prevented states from acting in the public interest.

Our welfare depends not only on our actual consumption, but also on alternate choices wedid not make.

The fall of 2008 was scary. For most people, the aftermath of Lehman Brothers’ bankruptcy resembled a major earthquake with strong aftershocks. Official narratives have promoted the image of the crisis as a rare, unpreventable and unforeseen natural disaster, the “100-year flood.” Policymakers emphasize the extraordinary measures they have taken to prevent the system from collapsing and to support recovery since.