A PYMNTS Company

Chicago School Professor Fights ‘Chicago School’ Beliefs That Abet Big Tech

 |  September 16, 2019

By Daisuke Wakabayashi, New York Times

Convocation speeches are usually filled with inspiring life lessons or sage advice, but this year’s graduating class at the University of Chicago heard something else: a battle cry against tech monopolies from one of the school’s leading economists.

What made the rousing speech surprising was not what he said, but where he said it.

The University of Chicago is the intellectual birthplace of the consensus in antitrust thinking over the last four decades – that monopoly law should place consumer interests, usually in the form of lower prices, above the concerns of smaller business rivals.

Continue Reading…