Populist leaders like United States President Donald Trump are zealously challenging the authority of independent technocrats and judges. This backlash follows decades of steadily increasing delegation of policymaking authority to unelected experts, bureaucratic agencies, and the judiciary. In new research, Gabriele Gratton and Jacob Edenhofer argue that such backlash is a predictable development in political environments where majorities are unstable and new political coalitions frequently f...| ProMarket
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