Capitalism, wrote economist Andrew Shonfield, is “the great engine of prosperity of the postwar Western world.” Karl Marx, on the other hand, asserted that capitalism sows the seeds of its own demise. Could both things be true? On the Stigler Center/CBR podcast Capitalisn’t, hosts Luigi Zingales of Chicago Booth and Kate Waldock of Georgetown examine questions that help indicate how well capitalism is—or isn’t—functioning in the context of contemporary culture, technology, and politics. For more on the show and its hosts, visit Capitalisnt.com.
Are doctors and pharmaceutical companies to blame for the opioid epidemic? Kate and Luigi look at the role of supply and demand in fueling the distribution of prescription painkillers, and discuss the regulatory ramifications for medical marijuana.
Do elite MBA programs have an obligation to produce graduates who are not only effective businesspeople, but also sensitive to the impact of their powerful organizations upon society? Kate and Luigi chat with author Duff McDonald about how business schools may be failing the public.
Five years after Thomas Piketty’s surprise bestseller, Capital in the 21st Century, captured the zeitgeist of an anxious age, Kate and Luigi revisit the book to see how it holds up in the current political and economic climate.
News reports and academic research indicate that the Fed's relationship with certain journalists and financial-market participants may be quite cozy. Kate and Luigi debate the pros and cons of those relationships, and what they mean for the American financial system.