Marshall Steinbaum
@econmarshall.bsky.social
Assistant Professor of Economics at the University of Utah. Senior Fellow in Higher Education Finance, Jain Family Institute. Aging enfant terrible.
I’m starting a new subfield: the History of the History of Economic Thought.
November 7, 2025 at 2:19 PM
I’m starting a new subfield: the History of the History of Economic Thought.
Oh my god @dkuehn.bsky.social is in the JEP. Live footage of Phil Magness
a man is sitting at a table with a watermelon on it
ALT: a man is sitting at a table with a watermelon on it
media.tenor.com
November 6, 2025 at 5:52 PM
Oh my god @dkuehn.bsky.social is in the JEP. Live footage of Phil Magness
Reposted by Marshall Steinbaum
The week in review: @econmarshall.bsky.social on anti-monopolism as an ideology of the left, and Amna Akbar, @sameer-ashar.bsky.social, and @jocelynsimonson.bsky.social on movement law under fascism.
Plus, the best of LPE from around the web 🧵👇
Plus, the best of LPE from around the web 🧵👇
Weekly Roundup: Oct 17
Marshall Steinbaum on anti-monopolism as an ideology of the left, and Amna Akbar, Sameer Ashar, and Jocelyn Simonson on movement law under fascism. Plus, Dave Pozen and Jed Purdy examine three…
lpeproject.org
October 17, 2025 at 4:59 PM
The week in review: @econmarshall.bsky.social on anti-monopolism as an ideology of the left, and Amna Akbar, @sameer-ashar.bsky.social, and @jocelynsimonson.bsky.social on movement law under fascism.
Plus, the best of LPE from around the web 🧵👇
Plus, the best of LPE from around the web 🧵👇
I have a new piece in @lpeblog.bsky.social
“Anti-monopolism as an Ideology of the Left”
responding to @gabrielwinant.bsky.social’s “provocation.”
lpeproject.org/blog/anti-mo...
“Anti-monopolism as an Ideology of the Left”
responding to @gabrielwinant.bsky.social’s “provocation.”
lpeproject.org/blog/anti-mo...
October 15, 2025 at 1:53 AM
Reposted by Marshall Steinbaum
Today, @econmarshall.bsky.social continues the discussion about Antitrust and Marxism, making both the radical and moderate case for anti-monopoly as an ideology of the left.
Anti-Monopolism as an Ideology of the Left
Some on the left dismiss anti-monopolism as a distraction from the core conflict between labor and capital. But this view misunderstands both history and strategy: antitrust has long been a tool for…
lpeproject.org
October 14, 2025 at 3:57 PM
Today, @econmarshall.bsky.social continues the discussion about Antitrust and Marxism, making both the radical and moderate case for anti-monopoly as an ideology of the left.
Reposted by Marshall Steinbaum
Important piece from Marshall. Dismantling kleptocracy is the most urgent goal, & anti-monopoly policy must be part of that.
The problem we face, as I tackled last week, is that with very few exceptions, U.S. anti-monopoly policy has been antitrust, & has ranged from weak to counterproductive.
The problem we face, as I tackled last week, is that with very few exceptions, U.S. anti-monopoly policy has been antitrust, & has ranged from weak to counterproductive.
October 14, 2025 at 12:44 PM
Important piece from Marshall. Dismantling kleptocracy is the most urgent goal, & anti-monopoly policy must be part of that.
The problem we face, as I tackled last week, is that with very few exceptions, U.S. anti-monopoly policy has been antitrust, & has ranged from weak to counterproductive.
The problem we face, as I tackled last week, is that with very few exceptions, U.S. anti-monopoly policy has been antitrust, & has ranged from weak to counterproductive.
Reposted by Marshall Steinbaum
Excellent essay!
It rebuts Marxist pessimism about the anti-monopoly movement, highlights the importance of contesting Capital's control of economic production, and ties it all into the recent failures of the movement (particularly wrt. the recent anti-monopolisation case against Google).
It rebuts Marxist pessimism about the anti-monopoly movement, highlights the importance of contesting Capital's control of economic production, and ties it all into the recent failures of the movement (particularly wrt. the recent anti-monopolisation case against Google).
I have a new piece in @lpeblog.bsky.social
“Anti-monopolism as an Ideology of the Left”
responding to @gabrielwinant.bsky.social’s “provocation.”
lpeproject.org/blog/anti-mo...
“Anti-monopolism as an Ideology of the Left”
responding to @gabrielwinant.bsky.social’s “provocation.”
lpeproject.org/blog/anti-mo...
October 14, 2025 at 12:24 PM
Excellent essay!
It rebuts Marxist pessimism about the anti-monopoly movement, highlights the importance of contesting Capital's control of economic production, and ties it all into the recent failures of the movement (particularly wrt. the recent anti-monopolisation case against Google).
It rebuts Marxist pessimism about the anti-monopoly movement, highlights the importance of contesting Capital's control of economic production, and ties it all into the recent failures of the movement (particularly wrt. the recent anti-monopolisation case against Google).
I have a new piece in @lpeblog.bsky.social
“Anti-monopolism as an Ideology of the Left”
responding to @gabrielwinant.bsky.social’s “provocation.”
lpeproject.org/blog/anti-mo...
“Anti-monopolism as an Ideology of the Left”
responding to @gabrielwinant.bsky.social’s “provocation.”
lpeproject.org/blog/anti-mo...
October 14, 2025 at 11:43 AM
I have a new piece in @lpeblog.bsky.social
“Anti-monopolism as an Ideology of the Left”
responding to @gabrielwinant.bsky.social’s “provocation.”
lpeproject.org/blog/anti-mo...
“Anti-monopolism as an Ideology of the Left”
responding to @gabrielwinant.bsky.social’s “provocation.”
lpeproject.org/blog/anti-mo...
Reposted by Marshall Steinbaum
this is not quite an anti-trust tragedy but it's certainly some kind of capital market regulation problem if people can buy assets that provide huge public goods specifically in order to destroy the public good provision
Lmao WaPo has fewer than 100K circulation now. It turns out “alienate your liberal subscriber base” is not a good strategy when the Republicans also hate you. www.forbes.com/sites/andyme...
The Washington Post Is Running Out Of Readers Willing To Pay
Once a titan of American journalism, The Washington Post now struggles to reach even 100,000 print subscribers most days.
www.forbes.com
October 14, 2025 at 4:12 AM
this is not quite an anti-trust tragedy but it's certainly some kind of capital market regulation problem if people can buy assets that provide huge public goods specifically in order to destroy the public good provision
Reposted by Marshall Steinbaum
This morning I was filming ICE abducting sometime in Petworth. One of the agents told me "the last US citizen that did this he put in cuffs all the way to the courtroom".
October 13, 2025 at 1:39 PM
This morning I was filming ICE abducting sometime in Petworth. One of the agents told me "the last US citizen that did this he put in cuffs all the way to the courtroom".
Taking as given that some of the labor share of GDP has shifted to the self-employed/pass-through share,
1. Is that share “really” labor or capital income?
2. Among the self-employed/pass-through share, is it the low earners who are “really” capitalists or the high earners who are “really” workers?
1. Is that share “really” labor or capital income?
2. Among the self-employed/pass-through share, is it the low earners who are “really” capitalists or the high earners who are “really” workers?
October 13, 2025 at 3:14 PM
Taking as given that some of the labor share of GDP has shifted to the self-employed/pass-through share,
1. Is that share “really” labor or capital income?
2. Among the self-employed/pass-through share, is it the low earners who are “really” capitalists or the high earners who are “really” workers?
1. Is that share “really” labor or capital income?
2. Among the self-employed/pass-through share, is it the low earners who are “really” capitalists or the high earners who are “really” workers?
This is a good piece about the unstated assumptions underlying political data analytics, and specifically Wins Above Replacement. As so often in economics, once you make the counterfactual you’re measuring candidate performance against explicit, the inference you claim cannot possibly be supported.
To the Democratic pollster and data pundit, “moral claims and exercises of imagination, claims about what is possible come with glaring asterisks. New tactics and strategies are by definition unvalidated, and in that sense they are admittedly a risk. But there are risks the other way, too.”
How to Lie with (Political) Statistics - Boston Review
Inside the data wars over Democratic strategy.
www.bostonreview.net
September 28, 2025 at 3:27 PM
This is a good piece about the unstated assumptions underlying political data analytics, and specifically Wins Above Replacement. As so often in economics, once you make the counterfactual you’re measuring candidate performance against explicit, the inference you claim cannot possibly be supported.
Very sad to hear Malcolm Rutherford died. The world can be divided into people who do and do not understand the history of our discipline, on the basis of whether you have or have not read his book “The Institutionalist Movement in American Economics, 1918-1947.”
#econsky
#econsky
September 26, 2025 at 8:05 PM
Very sad to hear Malcolm Rutherford died. The world can be divided into people who do and do not understand the history of our discipline, on the basis of whether you have or have not read his book “The Institutionalist Movement in American Economics, 1918-1947.”
#econsky
#econsky
Reposted by Marshall Steinbaum
Ugh. Didn’t realize Marshall Steinbaum was here
December 2, 2024 at 12:09 PM
Ugh. Didn’t realize Marshall Steinbaum was here
Reposted by Marshall Steinbaum
I never made a trailer for the show, but this episode with Marshall Steinbaum on the NTY’s farcical coverage of college students and the University of Chicago’s dabbling in crypto may as well be it @econmarshall.bsky.social
www.buzzsprout.com/2396665/epis...
www.buzzsprout.com/2396665/epis...
NYT discovers community colleges, UChicago discovers crypto losses with Marshall Steinbaum - American Campus Podcast
The Chicago boys would have loved digital assets. References and suggested readings:Alan Blinder and Steven Rich. August 25, 2025. The Typical College Student Is Not Who You Think. New York Times...
www.buzzsprout.com
September 2, 2025 at 2:30 PM
I never made a trailer for the show, but this episode with Marshall Steinbaum on the NTY’s farcical coverage of college students and the University of Chicago’s dabbling in crypto may as well be it @econmarshall.bsky.social
www.buzzsprout.com/2396665/epis...
www.buzzsprout.com/2396665/epis...
The University of Chicago’s present financial difficulties are the very-long-run result of the successful effort by Stigler, Friedman, and Director to purge the influence of Robert Maynard Hutchins from the university & American higher education more broadly.
www.buzzsprout.com/2396665/epis...
www.buzzsprout.com/2396665/epis...
NYT discovers community colleges, UChicago discovers crypto losses with Marshall Steinbaum - American Campus Podcast
The Chicago boys would have loved digital assets. References and suggested readings:Alan Blinder and Steven Rich. August 25, 2025. The Typical College Student Is Not Who You Think. New York Times...
www.buzzsprout.com
September 4, 2025 at 5:51 PM
The University of Chicago’s present financial difficulties are the very-long-run result of the successful effort by Stigler, Friedman, and Director to purge the influence of Robert Maynard Hutchins from the university & American higher education more broadly.
www.buzzsprout.com/2396665/epis...
www.buzzsprout.com/2396665/epis...
A big problem is university presidents trying to transform their institutions into something at odds with their prior identity, at the behest of delusional board members, and running into severe financial difficulties, which they blame on woke professors.
September 3, 2025 at 1:56 PM
A big problem is university presidents trying to transform their institutions into something at odds with their prior identity, at the behest of delusional board members, and running into severe financial difficulties, which they blame on woke professors.
Criticizing student debt cancellation as a Brahmin Left demand is itself Brahmin Left.
August 30, 2025 at 8:19 PM
Criticizing student debt cancellation as a Brahmin Left demand is itself Brahmin Left.
Carefully 👏 distinguish 👏 causation 👏 from 👏 correlation 👏 except 👏 when 👏 talking 👏 about 👏 educational 👏 attainment 👏 and 👏 earnings 👏 (or 👏 wealth 👏)
Back-to-school reminder: The market rewards education
Average earnings:
High school dropout | ### ($35k)
High school grad | ##### ($47k)
College degree | ######### ($87k)
Masters degree | ########### ($106k)
Professional degree | ##################($184k)
Average earnings:
High school dropout | ### ($35k)
High school grad | ##### ($47k)
College degree | ######### ($87k)
Masters degree | ########### ($106k)
Professional degree | ##################($184k)
August 30, 2025 at 5:21 PM
Carefully 👏 distinguish 👏 causation 👏 from 👏 correlation 👏 except 👏 when 👏 talking 👏 about 👏 educational 👏 attainment 👏 and 👏 earnings 👏 (or 👏 wealth 👏)
Reposted by Marshall Steinbaum
NEW PIECE: Powell and the Federal Reserve System has already failed to meet the moment and not defending Lisa Cook will seal both Powell's and the Fed's fate.
www.crisesnotes.com/powell-will-...
www.crisesnotes.com/powell-will-...
Powell Will Hang Separately: The Federal Reserve Has Already Failed its Duty to Lisa Cook and the Constitution
This is a free Notes on the Crises article. A reminder to readers that the various activities run out of the still-new Notes on the Crises office cost money, while an enormous amount of time and effor...
www.crisesnotes.com
August 29, 2025 at 10:56 AM
NEW PIECE: Powell and the Federal Reserve System has already failed to meet the moment and not defending Lisa Cook will seal both Powell's and the Fed's fate.
www.crisesnotes.com/powell-will-...
www.crisesnotes.com/powell-will-...
Reposted by Marshall Steinbaum
I had a professor of Jewish Studies at UChicago who made the administration very angry because every year he made a proposal for the university to create an on-campus memorial to the worldwide victims of the UChicago economics department.
August 24, 2025 at 9:10 PM
I had a professor of Jewish Studies at UChicago who made the administration very angry because every year he made a proposal for the university to create an on-campus memorial to the worldwide victims of the UChicago economics department.
Reposted by Marshall Steinbaum
🆕 RFBerlin Discussion Paper: @meltemdaysal.bsky.social, Hui Ding, @maya-rossin-slater.bsky.social and Hannes Schwandt study the spread of respiratory illnesses among children and the magnitudes of externalities on younger infant siblings over the short and long-run. www.rfberlin.com/network-pape...
August 22, 2025 at 7:29 AM
🆕 RFBerlin Discussion Paper: @meltemdaysal.bsky.social, Hui Ding, @maya-rossin-slater.bsky.social and Hannes Schwandt study the spread of respiratory illnesses among children and the magnitudes of externalities on younger infant siblings over the short and long-run. www.rfberlin.com/network-pape...
Remember Jason Richwine? Whatever happened to that guy and why hasn’t he been made head of a federal agency?
August 14, 2025 at 11:56 AM
Remember Jason Richwine? Whatever happened to that guy and why hasn’t he been made head of a federal agency?
J Edgar Hoover was happy to deploy his guys as political henchmen & partisan operatives, but he consistently vetoed this. He considered it beneath the dignity of his agency, which existed to demonstrate advanced scientific methods to local law enforcement, not to patrol the streets.
The Trump administration plans to temporarily reassign 120 FBI agents in Washington to nighttime patrol duties as part of President Trump’s crackdown on the city’s street crime.
Trump Administration to Put F.B.I. Agents on Night Patrol in Washington
The move is part of President Trump’s pledge to crack down on street crime in the nation’s capital.
nyti.ms
August 11, 2025 at 9:16 AM
J Edgar Hoover was happy to deploy his guys as political henchmen & partisan operatives, but he consistently vetoed this. He considered it beneath the dignity of his agency, which existed to demonstrate advanced scientific methods to local law enforcement, not to patrol the streets.
A good episode if I do say so myself. Listen and join our petition against the Ariel University MOU by emailing [email protected]
June 23, 2025 at 8:24 PM
A good episode if I do say so myself. Listen and join our petition against the Ariel University MOU by emailing [email protected]