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OpenMarket: Business and Government

  • Proposed iHeart Media Acquisition Threatened by Antitrust Regulation

    January 3, 2020
    The Wall Street Journal recently reported that Liberty Media Corp, which already owns Sirius XM satellite radio, including its Pandora streaming service, and 33% of concert promotion giant Live Nation Entertainment, wants permission from the US Department of Justice to purchase a controlling stake in iHeart Media Inc. 
  • Best Books of 2019: Year of Vindication for Mother of George Washington

    December 31, 2019
    August 25 of this past year was the 230th anniversary of the death of Mary Ball Washington, the mother of the first president of the United States. Her life was extraordinary, as she lived into her 80s, seeing her son George lead the Continental Army to victory against Great Britain in the Revolutionary War and then become the nation’s first President in 1789.
  • Best Books of 2019: In Defense of Openness

    December 31, 2019
    Most policy proposals for fighting poverty are zero-sum. The best way to help the poor, the argument goes, is to take from the rich. Van de Vossen and Brennan argue instead for positive-sum policies, which make everyone better off. Why keep the pie the same size, when it could grow instead?
  • Best Books of 2019: Alienated America by Tim Carney

    December 30, 2019
    Tim Carney’s new book on social alienation and U.S. politics, Alienated America: Why Some Places Thrive While Others Collapse, raises the bar for Trump-era political analysis. Building on recent research on economics and civic life from various sources, Carney presents an incisive analysis of The Donald’s 2016 campaign that redefines who supported the 45th president and why.
  • Best Books of 2019: Big Business by Tyler Cowen

    December 30, 2019
    Cowen argues that most people underestimate the amount of good that big businesses do. They make possible affordable communications, books, culture and art (and the supplies needed to make them), transportation that expands employment options for workers, safe and diverse food supplies, architecture, and more.
  • Best Books of 2019: Humanomics by Vernon Smith and Bart Wilson

    December 27, 2019
    Smith and Wilson combine insights from their experimental economics research with insights about human character from Adam Smith’s "Wealth of Nations" and especially his 1759 book "The Theory of Moral Sentiments."
  • Best Books of 2019: Expert Failure by Roger Koppl

    December 26, 2019
    Koppl uses the role of experts to explain the difference between approaching social problems from the top down versus from the bottom up. Koppl defines an expert as anyone who is paid for their opinion. This is not tied to any credential, degree, affiliation, or any objective measure of knowledge. If someone sees fit to pay you for your opinion on something, you’re an expert on that something.
  • Weighing Bad Capitalism and Good Socialism

    December 24, 2019
    Recently economics professor Walter Block of Loyola University New Orleans wrote a great op-ed for The Wall Street Journal titled “Bad Capitalism and Good Socialism.” It helps clarify some confusion about the relative merits of different economic systems and the ostensible aspects of capitalism and socialism that people most often object to.
  • Best Books of 2019: The Enlightened Capitalists by James O’Toole

    December 24, 2019
    James O’Toole, a professor emeritus at the University of Southern California’s Marshall School of Business, has assembled an impressive collective history of dozens of innovative—and even visionary—business leaders in his new book, "The Enlightened Capitalists: Cautionary Tales of Business Pioneers Who Tried to Do Well by Doing Good."
  • Best Books of 2019: The Anarchy by William Dalrymple

    December 20, 2019
    How did a joint stock company founded in Elizabethan England come to replace the glorious Mughal Empire of India, ruling that great land for a hundred years? William Dalrymple’s splendid history, The Anarchy, tells that story—and purports to warn us about the perils of corporate power.

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