Max Gulker joined AIER in 2015. His primary research areas are applied microeconomics and industrial organization. Max previously worked as an economist for Keystone Strategy, supporting expert testimony for antitrust and intellectual property litigation in high tech industries. Prior to that, he worked on financial litigation matters with NERA Economic Consulting. Max holds a PhD in economics from Stanford University and a BA in economics from the University of Michigan. Follow @maxgAIER.
Max Gulker, PhD
Articles from Max Gulker, PhD
As our society grows ever more complex and technologically advanced, controlling it from the top down is increasingly like herding cats. Attempts at more top-down control, though well-intentioned, won’t work. Rethinking governance itself is an even more challenging path, but offers a multitude of reasons for hope.
Last weekend, AIER hosted the 2018 Harwood Graduate Colloquium, which focused on alternative institutions of governance. The event brought together 13 very talented graduate students, who had the opportunity to discuss both classic and new research with three of the field’s leading voices on alternative governance.
Take a stroll through your local food co-op and you’re likely to find plenty of folks who don’t react so well to the phrase “free market capitalism.” You might get a couple of lectures on social justice, and an earful on the industrialization of global food production and the havoc it wreaks on society. But political tribalism aside, co-ops can be great practitioners of free market capitalism and integral parts of thriving free market economies.
If there is one entity this article can definitively criticize, it is the DOJ itself. In both the current AT&T/Time Warner matter and the NBCU/Comcast merger it allowed with numerous conditions in 2011, it relied on economic logic that can be called into question and mathematical models that were intended to formalize broad concepts in an academic setting, not predict the future with enough precision to provide grounds to approve or block multibillion-dollar mergers.
Liberty Street Economics, the New York Fed’s blog, recently did a question-and-answer session with Fed economists Michael Lee and Antoine Martin about cryptocurrencies. It’s a largely neutral and factual interview, but the economists do make one provocative comment: “Cryptocurrencies arguably solve the problem of making payments in a trustless environment, but it is not obvious that this is a problem that needs solving, at least in the United States and other advanced economies.”