Suppose you wanted to construct a new index to track the US stock market. What would you use as a model? The Dow Jones Industrial Average might be an option, but it’s hardly representative of the ...

Manufacturers, for the most part, don’t run their operations at full capacity. Machines sit idle. Processes are slowed. Macroeconomists have long studied the effects of these costly choices, asking, ...

One observation is that the ease of bank transfers appears to have changed how the Fed’s monetary policy is absorbed in the market, suggests research by the Ohio State University’s Isil Erel, ...

The researchers looked at a decade’s worth of shopping data in states where marijuana was legalized. Analyzing the panel data from 48 states and about 20 million weekly household purchases made over a ...

June 24–26, 2011 - Brussels. This year marked the 25th anniversary of the publication of Grossman and Hart’s seminal paper “The Costs and the Benefits of Ownership: A Theory of Vertical and Lateral ...

June 20-22, 2022. Sponsored by The University of Chicago Booth School of Business. We are pleased to announce the twenty-first annual INFORMS Revenue Management and Pricing (RM&P) Section Conference, ...

Explore articles from the Summer 2025 issue of Chicago Booth Review.

A prominent economist once told me that macroeconomic policy debates are all about the prime mover to which other variables respond. The implication, he explained, is that you can invert policy ...

When Chicago Booth’s Daniel Bartels took his family out to a casual burger-and-fries joint after many months of eating strictly at home during the COVID-19 pandemic, he found himself unpleasantly ...

Talk to almost anyone about the forces at work behind Western politics’ contemporary upheaval, and it will not take long for your conversation to reach the discontents of the working class. In the ...

Not all economists agree that the 0.01 percent are the most significant slice of the distribution. New York University’s Edward N. Wolff, using different data, notes that the wealth of the top 5 ...

This competition is translating into benefits for US wallets and pocketbooks—and may still be good for companies too. Says Vavra, “We know that people have complex and differentiated tastes and ...