Why have less-educated Americans, long the base of the Democratic Party, flocked to Republicans in recent decades? New research shows that much of this change can be explained by the Democratic Party’s evolution on economic policy, as the party gradually moved away from its traditional emphasis on "predistribution policies" (favored by less-educated Americans), instead embracing redistributive tax-and-transfer policies (favored by more-educated Americans).

Eight friends of the blog offer their initial reactions to the FTC’s proposed rule to ban non-compete agreements.

Economic models produce blindspots, compressing qualitative differences into quantitative measures. Yet, this vice is also the source of their power.

Focusing on antitrust, this post explores how a modern law and economics might look, and highlights the diverse normative implications of state-of-the-art economics. As this post demonstrates, taking economics seriously is consistent with many different policy positions.

The empirical research we present in this post itself exemplifies how economics can be a powerful tool for examining (and not just assuming) the relationships between the formal structure of the law and the activities of economic exchange. As we lay out further in a subsequent post, legal leftists who fail to engage with the richness of academic economics miss out on many important insights.