James Kossuth and Robert Seamans in Harvard Business Review
Tag: Economic Dynamism
James Bessen testified before the FTC, October 24, 2018.
Ian Hathaway with Mark E. Schweitzer, and Scott Shane
David Autor with David Dorn, Lawrence F. Katz, Christina Patterson, and John Van Reenen
Since 1980, US corporate valuations have risen relative to assets and operating margins have grown. The possibility of sustained economic rents has raised concerns about economic dynamism and inequality. But rising profits could come from political rents or, instead, from returns to investments in intangibles. This paper explores these factors using new data on Federal regulation and data on lobbying, campaign spending, R&D, and organizational capital.
Ian Hathaway with Mark Muro
The gig economy, as reflected by nonemployer firms, is significant and growing fast. Overall, there has been a clear surge in nonemployer firms’ — a measure of contractor and freelance individuals — business activity in the last decade, which almost certainly reflects, at least in part, the rise of online platforms.