This paper explores whether Russia can be made to abide by international commercial rules. It discusses the role the EU, Russia's main trading partner, can and should play in fostering better Russian compliance with international commercial rules. Russia's economic revival, built on oil and gas,...

American markets, once a model for the world, are giving up on competition. Thomas Philippon blames the unchecked efforts of corporate lobbyists. Instead of earning profits by investing and innovating, powerful firms use political pressure to secure their advantages. The result is less efficient...