ProMarket is the publication of the George J. Stigler Center for the Study of the Economy and the State at the University of Chicago Booth School of Business. ProMarket is an academic forum focused on topics of special interest capture, antitrust, political economy, and the future of capitalism. Economists have become increasingly technical and specialized, […]| ProMarket
Artificial Intelligence (AI) is poised to permeate across different industry sectors, offering unprecedented opportunities alongside significant risks. Effective governance necessitates coordinated cross-border efforts to build institutional expertise, dispel misconceptions, foster innovation, and align global safety priorities. Advocating structured dialogue and a bottom-up approach, Oscar Borgogno and Alessandra Perrazzelli present a proposal which aims to avoid institutional redundancy and...| ProMarket
Adam Crews writes that Congress’s expressly broad grants of rulemaking power mean that the Supreme Court’s Loper Bright decision limiting federal agencies’ discretion will likely affect the Federal Communications Commission less than some other federal agencies. Instead, the major questions and nondelegation doctrines pose greater threats to the FCC’s regulatory discretion.| ProMarket