📢 Just ONE DAY left to apply for the #StiglerJIR Spring 2026 program! Don't miss your chance, submit your application by 11:59 p.m. CT tomorrow, October 1, at chicagobooth.edu/StiglerJIR.

NEW: @gerhardschick.bsky.social discusses the CumEx and CumCum share-trading scandals that cost German taxpayers billions of euros over the course of several decades and the failures in political and social institutions that allowed these scandals to persist for so long.

“Instead of innovating, people will spend time trying to ingratiate Trump.” Listen to @zingales.bsky.social speak on the Trump admin’s request for US investors to pay a fee to the government as part to its TikTok deal on @npr.org's Up First podcast.

"At a minimum, this now means there is a tax imposed on every major business transaction," @zingales.bsky.social is quoted in @bobbyallyn.bsky.social's and @davidfolkenflik.bsky.social’s @npr.org article on Trump’s #TikTok deal payment requests. Read the full quote and article:

📢 There's still FIVE days left to apply for our #StiglerJIR program. Don't miss out, apply now at chicagobooth.edu/StiglerJIR!

NEW: @maxvonthun.bsky.social and Claire Lavin (@openmarkets.bsky.social) argue that the European Commission must revise its merger guidelines to emphasize how competition policy can protect goals beyond prices, including innovation, security, and democracy.

There's ONE week left to apply for the #StiglerJIR Spring 2026 program! Don't miss your chance to learn from leading academics and industry professionals at @chicagobooth, and connect with fellow journalists from around the world. Make sure to apply by October 1, 2025 at chicagobooth.edu/StiglerJIR#StiglerJIR

NEW: Surya Gowda (@usatodayopinion.usatoday.com) reviews Branko Milanović’s "Visions of Inequality: From the French Revolution to the End of the Cold War" and how his analysis of class and inequality applies to contemporary America.

NEW: Erik Hovenkamp and A. Douglas Melamed (@law.stanford.edu) discuss what Judge Amit Mehta got right and wrong in his remedy decision in the Google Search antitrust case. www.promarket.org/2025/09/23/a...

NEW on #Capitalisnt: @stanfordmedicine.bsky.social's John Ioannidis joins @zingales.bsky.social and @bethanymclean.bsky.social to discuss the relationship between capitalism and science & its future, and how both will have to respond to contemporary politics. Listen: capitalisnt.com/episodes/how...

Neither science nor capitalism can succeed without the other. But modern science is struggling, and while partly due to political intervention, capitalism also plays a hand. @zingales.bsky.social and @bethanymclean.bsky.social discuss on a new #Capitalisnt tomorrow. Subscribe now: capitalisnt.com

NEW: Kenneth Coriale, @edankaplan.bsky.social, and Daniel Kolliner show how the Republican Party has benefited more from redistricting and gerrymandering. Their research has important implications for political power and representation in today’s era of razor-thin Congressional majorities.

"You walk down the corridor and you're running into Nobel Prize laureates. That's quite cool." The #StiglerJIR program offers promising journalists the opportunity to study with world-class faculty at Chicago Booth. Applications are due October 1, 2025, apply today at chicagobooth.edu/StiglerJIR.

NEW: @tomasoduso.bsky.social, Joseph Harrington, Carl Kreuzberg (@diw.de), and Geza Sapi (@ec.europa.eu) demonstrate how their screening tool can aid antitrust authorities in identifying potential collusion between firms through public communications.

Through the #StiglerJIR program, you can learn from @ChicagoBooth's top minds, and connect and collaborate with fellow journalists from all over the world. Applications are due by October 1, 2025. Apply today at chicagobooth.edu/StiglerJIR#StiglerJIR

NEW: @dgindis.bsky.social and @spydermed.bsky.social trace Henry Manne’s entrepreneurial role in the development of the field of law and economics, beginning with a failed venture to bring together economists and legal scholars, but one that established the foundations for later success.

NEW: Adam Callister and @agranato42.bsky.social (@yalesom.bsky.social), and Belisa Pang (@umichlaw.bsky.social) argue that differing incentives faced by plaintiffs and defendants in “battles of the experts” litigation leads to structurally higher spending by defendants on expert witnesses.

NEW: Fabio De Pasquale, a prosecutor at the Milan prosecutor’s office who led the investigation into energy conglomerates Eni and Shell for their alleged involvement in the OPL 245 corruption scandal, discusses how the case reflects the failures of international anti-corruption efforts.

NEW: In new research, Suhas Sridharan and coauthors find that significant conflicts of interest can arise for ESG raters when they also provide ESG index funds to investors.

NEW: Eli Orbach examines how the United States’s decentralized education system impedes the diffusion and adoption of generative artificial intelligence in K-12 schools.

Here's my post on the first few months of Trump2's FTC. I home in on the investigations into youth transgender care and how they would require flipping the law of deception on its head in the name of waging culture war.

NEW: @lookheron.bsky.social evaluates the FTC’s transformation into a political tool to advance a conservative social agenda. He argues that no initiative better exemplifies the agency’s politicization than its investigation into gender-affirming care that threatens transgender rights and autonomy.

NEW: In new research, @dominicsmith.bsky.social and @socampdi.bsky.social show that retail concentration has increased in most markets across the United States, with the expansion of large retail chains driving the trend toward a more concentrated retail landscape.

NEW on #Capitalisnt: @bethanymclean.bsky.social and @zingales.bsky.social discuss the Trump admin's plans to sell around 5% of mortgage giants Fannie Mae and Freddie Mac. What would it mean for these #GSEs to go public? Listen now: capitalisnt.com/episodes/wil...

This week, the Trump admin announced it would sell around 5% of mortgage giants and #GSEs Fannie Mae and Freddie Mac after 17 years of government conservatorship. But why? @bethanymclean.bsky.social and @zingales.bsky.social discuss on a new #Capitalisnt tomorrow. Subscribe now: capitalisnt.com

The #StiglerJIR program at Chicago Booth has helped journalists from all over the globe build their knowledge and skills to enhance their business reporting and enrich their careers. Applications are open through October 1, 2025. Apply today at chicagobooth.edu/StiglerJIR#StiglerJIR

NEW: Corporations can sidestep prosecution by cooperating with the government and offering up employees to avoid their own criminal liability. @whitecollarprof.bsky.social discusses two prominent reasons why the current approach to corporate criminality is inefficient.

Journalists from around the world have made valuable connections with peers and scholars while gaining in-depth knowledge to enhance their business reporting through the #StiglerJIR program at Chicago Booth. Applications are open through October 1, 2025. Apply now at chicagobooth.edu/StiglerJIR#StiglerJIR

NEW: In new research, Bruno Pellegrino and @damiencapelle.bsky.social find that while global capital markets have grown dramatically over the past five decades and reached new jurisdictions, the uneven pace of financial liberalization has failed to reallocate capital to lower-income countries.

NEW: Our Managing Editor @andyshi.bsky.social interviews @magalieben.bsky.social and @gmonti.bsky.social about changes to the disclosure policy of @ascola.bsky.social and the broader conversation on conflicts of interest in antitrust and competition scholarship.

NEW on #Capitalisnt: Dan Rasmussen, CIO and founder of Verdad Advisers, joins @bethanymclean.bsky.social and @zingales.bsky.social, to discuss the state of private equity, and what it means for investors, workers, and the American economy as a whole. Listen now: capitalisnt.com/episodes/tru...

There is long-standing debate about whether #privateequity is good for society, independent of financial returns. Tomorrow, on a new #Capitalisnt, we discuss what the data actually says about private equity’s performance, and where the industry is headed. Subscribe now: capitalisnt.com

Applications are now open for the #StiglerJIR Fellowship program! Learn from world-class faculty while networking with #journalism colleagues from around the globe at Chicago Booth's campus in Hyde Park. Applications are due by October 1, 2025. Apply now at chicagobooth.edu/StiglerJIR#StiglerJIR

NEW: Claire Liu (@sydney.edu.au) and Jared Stanfield (@ou.edu) examine how relationships between corporate leaders and the United States president enable firms to capture regulation and avoid antitrust scrutiny.

Can AI limit students’ potential by locking them to their past performance? On the latest #Capitalisnt, @khanacademy.org CEO Sal Khan addresses those concerns and more about AI in education while discussing his recent book, “Brave New Words.” Listen now: www.capitalisnt.com/episodes/sho...

NEW: Herbert Hovenkamp reviews Epic Games’ lawsuits against Apple and Google for restraining users’ ability to access Epic’s offerings through third-party app stores.

NEW: Diana Moss reviews four recent examples of the Trump administration weaponizing antitrust and regulation to stifle opposing ideological and political viewpoints.

#AI’s rise in education has made cheating easier for students and harder to detect for teachers. But @khanacademy.org CEO Sal Khan shares an idea on how AI can potentially be used to curtail cheating and enhance learning. Listen to him on the latest #Capitalisnt: www.capitalisnt.com/episodes/sho...

NEW: Stigler Center Assistant Director Matt Lucky reviews @khanacademy.org CEO Sal Khan’s recent book, "Brave New Words," which presents an optimistic vision for the educational and pedagogical role of AI-assisted chatbots as personal tutors and teaching assistants.

NEW on #Capitalisnt: @khanacademy.org CEO Sal Khan joins to discuss his new book, “Brave New Words,” in which he makes the case for why education will not only survive but thrive in the age of AI and why teachers aren’t going anywhere. Listen now: capitalisnt.com

What is the right way, if there is one at all, to integrate AI into our education system? Tomorrow on #Capitalisnt, @bethanymclean.bsky.social and @zingales.bsky.social discuss if AI can enhance the learning process, and what it means for traditional modes of learning. Subscribe now: capitalisnt.com

NEW: As private corporations gain control over public data, Americans are losing access to information that underpins democracy. Victoria Baranetsky (@revealnews.org) argues this rise of secrecy demands not just transparency, but a commitment to anti-secrecy as essential to democratic governance.

NEW: It is an economic truism that markets operate more efficiently and fairly when there is more transparency. However, in the case of sovereign debt markets, the virtues of transparency are partially offset by its costs, writes Mark Weidemaier.

"...the cryptocurrency market...[is] an attractive venue for fraud, money laundering, and other criminal activity. ...investors have already been deceived into...tens of billions of dollars in losses." U.S. District Court Judge Jed Rakoff @promarket.bsky.social www.promarket.org/2025/07/28/i...

NEW: @alexandrageese.bsky.social writes that illiberal politicians and Big Tech social media platforms have abused the principle of freedom of speech to suppress ideas with which they do not agree and promote hate speech. She provides three recommendations for retaking speech from these platforms.

NEW: Benjamin Wood, Sven Gallasch, Nicholas Shaxson, Katherine Sievert, and Gary Sacks write that competition underenforcement and a narrow regulatory focus on prices and output has allowed industries that produce harmful consumer products to increase demand and, consequentially, harm to society.

A strong dollar makes imports cheaper, facilitates demand for American companies, and is tied to cheap government borrowing. But what happens when this powerful privilege weakens? www.chicagobooth.edu/review/2025/... #econsky @promarket.bsky.social #Capitalisnt

Both DOGE and Abundance fall into the same trap: ignoring externalities in the name of "government efficiency" writes our @dylangyauchl.bsky.social in @promarket.bsky.social. Sometimes "everything bagel liberalism" isn't inefficient, it's just accounting for the real cost of government policy.

On #Capitalisnt, Kenneth Rogoff joins co-hosts Bethany McLean and Luigi Zingales to discuss his new book, “Our Dollar, Your Problem,” and explains why #crypto might be the next financial crisis. Listen now: capitalisnt.com/episodes/can...

NEW: The abundance movement aims to lift the burden of inefficient regulation off the private sector to unleash equitable growth. Dylan Gyauch-Lewis (@revolvingdoordc.bsky.social) argues that it fails to account for the costs of externalities that many of the regulations it derides seek to address.