The movement of people between industry and government is a political talking point, but how big a deal is it? Research is starting to quantify the extent of the problem.
Rising taxes and spending in one state can have substantial negative effects on people in neighboring states.
The Chicago Booth economics professor emeritus explains offsetting responses to regulation.
George Stigler's enormous legacy is essentially embodied in two articles: his 1962 analysis of electricity rates with Claire Friedland and his 1971 theoretical piece.
Sam Peltzman's research, culminating in the 1976 paper “Toward a More General Theory of Regulation,” brought an economist’s understanding to the decision-making behind regulatory policy, highlighting the trade-offs and unintended consequences inherent in regulation.