Friedrich Hayek considered the topic of rent-seeking not from the standard welfare economics perspective, however from a constitutional economics perspective. In a brand new paper, Daniel Nientiedt reveals how Hayek’s method to the rent-seeking problem was influenced by the work of authorized scholar Carl Schmitt and, not directly, the historic experiences of Weimar Germany. When … [Read more…]
In new analysis, Şenay Ağca and Deniz Igan use the shock of the September 11 assaults and declaration of conflict on Afghanistan to indicate how protection contracts usually go to companies which might be finest linked to the Pentagon and federal authorities quite than these finest geared up to meet the wants of the contracts. … [Read more…]
A brand new paper examines the connection between the rising focus in institutional buyers’ possession of publicly traded U.S. corporations and portfolio firms’ political giving. Ray Fisman discusses the findings and implications of this analysis by Marianne Bertrand, Matilde Bombardini, Fisman, Francesco Trebbi, and Eyub Yegen. This text was first revealed by the Harvard Legislation … [Read more…]
A latest ballot exhibits that 71% of Individuals view massive firms negatively. The change has been pushed by Republicans who dislike the rise of political participation of firms. The political and monetary energy unleashed by Residents United and lax antitrust enforcement often is the supply of firms’ newfound public scrutiny. A latest Pew Analysis Ballot … [Read more…]
The Residents United ruling contradicts the Founders, many years of Supreme Court docket precedent and the need of the American folks. There’s nothing within the textual content of the Structure that explicitly acknowledges companies or grants them particular person rights. Nor do the data of the Constitutional Conference present any trace that the Founders ever thought … [Read more…]
Residents United v. FEC stands within the public eye because the U.S. Supreme Courtroom case that flooded U.S. elections with “darkish cash” and SuperPACs. Professor Matilde Bombardini argues that this modern actuality of marketing campaign finance deviates drastically from the ideas underlying the Supreme Courtroom’s now-infamous opinion and that, as such, it’s time to rethink … [Read more…]
Many US companies that promote their workplaces as supportive of historically marginalized teams have created variety, fairness and inclusion (DEI) applications for his or her workers. Nonetheless, making marketing campaign donations to anti-abortion politicians who threaten the reproductive well being of susceptible populations, comparable to girls of colour, contradicts their purported assist of such teams. … [Read more…]
Threatened by regulated worth caps from congress, the pharmaceutical trade spent almost $390 million on lobbying in 2021 in keeping with new information from OpenSecrets. Healthcare firms outspent each different trade on lobbying federal and state representatives final yr, in keeping with newly launched information from OpenSecrets. Well being firms spent almost $690 million on … [Read more…]
New analysis on US political donations below $200 reveals traits of those donors in addition to their motivations. A Q&A with the authors of the brand new examine reveal how the rise in small donors lately might have necessary implications for upcoming US elections. Q: Why did you select to review small donors? A: Whereas … [Read more…]
A brand new empirical paper explores how partisan notion impacts capital allocation past nationwide borders, displaying that the worldwide funding practices of US institutional buyers replicate the widening home partisan divide. A big physique of labor in political science and economics has documented a rising partisan divide within the US. Specifically, voters have an elevated … [Read more…]