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Image: The hypothetical monopolist test (HMT) serves as a shiny bright object, distracting the court from the anticompetitive harms.
Your intrepid writer, when not toiling for free in the basement of The Sling, does a fair amount of testifying as an expert economic witness. Many of these cases involve alleged price-fixing (or wage-fixing) conspiracies. One would think there would be no need to define the relevant market in such cases, as the law condemns... Read More
Image: Austin Frerick is the author of the book "Barons: Money, Power, and the Corruption of America’s Food Industry," out later this month.
Austin Frerick is the author of the book Barons: Money, Power, and the Corruption of America’s Food Industry, out later this month, which explores the powerful corporations that monopolize entire sectors of the U.S. food system: from pork, beef, and dairy, to grains, coffee, berries, and grocery stores. In his book, Frerick illuminates the ugly... Read More
Image: Angus Deaton's Economics in America explores the causes of inequality and offers a roadmap how to tame it.
After about a decade of teaching, it finally occurred to me that interviewing an accomplished economist (or economic critic) would be more entertaining—and hopefully more educational—than asking students to listen to me wax on about economic expert “war stories” for two hours. Also, by inviting a book author, I could compel students to digest the... Read More
Image: Companies like Uber have fought tooth and nail to preserve their workers’ independent contractor status. (Jacob Lund/Getty Images)
As the name implies, Congress passed the antitrust laws to remedy the problem of the trusts—the great agglomerations of capital harming working people. Yet, from that very beginning, the forces of corporate power and oligarchy have used the antitrust laws to attack working people. When the federal government first deployed the antitrust laws against coordinated... Read More
Image: A rendering of a new Utah Jazz/National Hockey League arena in Salt Lake City that team owner Ryan Smith released via Twitter.
According to J.C. Bradbury, an economics professor at Kennesaw State, owners of professional men’s sports teams have received more than $19 billion in taxpayer subsidies this century. And according to a recent article in the Salt Lake City Tribune, men’s professional sports around the United States continue to ask for billions more. The root of... Read More
Image: Image credit: Tumisu on Pixabay
“The nine most terrifying words in the English language are ‘I’m from the government, and I’m here to help.’” – Ronald Reagan At recent events, Chair of the Federal Trade Commission and mug-emblazoner Lina Khan has taken to quoting Reagan’s cherished tagline above. Not to express ideological alignment, but as a springboard for workshopping her... Read More
Image: Wendy's proposed "dynamic" pricing scheme generated a host of memes on Twitter. Neoliberals didn't understand the outrage.
Want to know why the Washington Post is bleeding readership? Consider this editorial by Catherine Rampell, titled “Stop Your Populist Grandstanding over Wendy’s ‘Surge Pricing.’” If the poors only understood basic economics, they wouldn’t get so frazzled over something so efficient like discounting! For those who missed out on the fireworks, a quick recap is... Read More
Image: Capital One's proposed acquisition of Discover should be subjected to serious antitrust scrutiny.
Last month, Capital One announced that it plans to purchase Discover in a deal worth $35.3 billion. For their campaign to secure regulatory approval, Capital One is trying to act like a benevolent pro-consumer company that will use economies of scale to lower interest rates  and ramp up competition with Visa and Mastercard. But that’s... Read More
Image: FTC Chair Lina Khan speaks at an event on Antitrust, Labor, and Economic Opportunity at Harvard Law School on Feb. 21. Credit: Lorin Granger
Although the Federal Trade Commission (FTC) is ostensibly an “independent agency,” its chair, Lina Khan, has been authorized by President Biden to destroy capitalism. Chair Khan has hijacked trade policy along with left-wing groups. Her approach to Amazon—a subject from which she should recuse her herself as she wrote an article on Amazon in law... Read More
Image: Recent data show that since 2005, more than 150 rural hospitals have shut their doors and more than 30% of all hospitals in rural areas are at immediate risk of closure.
Healthcare in rural America has hit a crisis point. Although the health of people living in rural areas is worse than those living in metropolitan areas, rural populations are deprived of the healthcare services they deserve and need. Rural residents are more likely to be poor and uninsured than urban residents. They are also more... Read More
Image: The hypothetical monopolist test (HMT) serves as a shiny bright object, distracting the court from the anticompetitive harms.
Your intrepid writer, when not toiling for free in the basement of The Sling, does a fair amount of testifying as an expert economic witness. Many of these cases involve alleged price-fixing (or wage-fixing) conspiracies. One would think there would be no need to define the relevant market in such cases, as the law condemns... Read More

Austin Frerick is the author of the book Barons: Money, Power, and the Corruption of America’s Food Industry, out later this month, which explores the powerful corporations that monopolize entire sectors of the U.S. food system: from pork, beef, and dairy, to grains, coffee, berries, and grocery stores. In his book, Frerick illuminates the ugly... Read More

Image: Austin Frerick is the author of the book "Barons: Money, Power, and the Corruption of America’s Food Industry," out later this month.

After about a decade of teaching, it finally occurred to me that interviewing an accomplished economist (or economic critic) would be more entertaining—and hopefully more educational—than asking students to listen to me wax on about economic expert “war stories” for two hours. Also, by inviting a book author, I could compel students to digest the... Read More

Image: Angus Deaton's Economics in America explores the causes of inequality and offers a roadmap how to tame it.

As the name implies, Congress passed the antitrust laws to remedy the problem of the trusts—the great agglomerations of capital harming working people. Yet, from that very beginning, the forces of corporate power and oligarchy have used the antitrust laws to attack working people. When the federal government first deployed the antitrust laws against coordinated... Read More

Image: Companies like Uber have fought tooth and nail to preserve their workers’ independent contractor status. (Jacob Lund/Getty Images)

According to J.C. Bradbury, an economics professor at Kennesaw State, owners of professional men’s sports teams have received more than $19 billion in taxpayer subsidies this century. And according to a recent article in the Salt Lake City Tribune, men’s professional sports around the United States continue to ask for billions more. The root of... Read More

Image: A rendering of a new Utah Jazz/National Hockey League arena in Salt Lake City that team owner Ryan Smith released via Twitter.

“The nine most terrifying words in the English language are ‘I’m from the government, and I’m here to help.’” – Ronald Reagan At recent events, Chair of the Federal Trade Commission and mug-emblazoner Lina Khan has taken to quoting Reagan’s cherished tagline above. Not to express ideological alignment, but as a springboard for workshopping her... Read More

Image: Image credit: Tumisu on Pixabay

Want to know why the Washington Post is bleeding readership? Consider this editorial by Catherine Rampell, titled “Stop Your Populist Grandstanding over Wendy’s ‘Surge Pricing.’” If the poors only understood basic economics, they wouldn’t get so frazzled over something so efficient like discounting! For those who missed out on the fireworks, a quick recap is... Read More

Image: Wendy's proposed "dynamic" pricing scheme generated a host of memes on Twitter. Neoliberals didn't understand the outrage.

Last month, Capital One announced that it plans to purchase Discover in a deal worth $35.3 billion. For their campaign to secure regulatory approval, Capital One is trying to act like a benevolent pro-consumer company that will use economies of scale to lower interest rates  and ramp up competition with Visa and Mastercard. But that’s... Read More

Image: Capital One's proposed acquisition of Discover should be subjected to serious antitrust scrutiny.

Although the Federal Trade Commission (FTC) is ostensibly an “independent agency,” its chair, Lina Khan, has been authorized by President Biden to destroy capitalism. Chair Khan has hijacked trade policy along with left-wing groups. Her approach to Amazon—a subject from which she should recuse her herself as she wrote an article on Amazon in law... Read More

Image: FTC Chair Lina Khan speaks at an event on Antitrust, Labor, and Economic Opportunity at Harvard Law School on Feb. 21. Credit: Lorin Granger

Healthcare in rural America has hit a crisis point. Although the health of people living in rural areas is worse than those living in metropolitan areas, rural populations are deprived of the healthcare services they deserve and need. Rural residents are more likely to be poor and uninsured than urban residents. They are also more... Read More

Image: Recent data show that since 2005, more than 150 rural hospitals have shut their doors and more than 30% of all hospitals in rural areas are at immediate risk of closure.

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