Chicago Booth in the News

Is ChatGPT friend or foe? Workers in these cities will soon find out. 
March 7, 2025 | Crain’s Chicago Business
Chicago Booth’s Anders Humlum discusses the potential impact of ChatGPT on the workforce: “It seems clear white-collar, more highly paid work is more exposed, and we should focus our attention on those occupations, which tend to be clustered in cities.” 

Eugene Fama and David Booth on the birth of modern finance
March 6, 2025 | Bloomberg Odd Lots
On the Bloomberg Odd Lots podcast, Chicago Booth’s Eugene Fama, MBA ’64, PhD ’64,  and David Booth, ’71, discuss their documentary Tune Out the Noise and the birth of modern finance. 

Most Disruptive MBA Startups Of 2024
March 3, 2025 | Poets & Quants
Encore, a startup founded by Will Anema, AB ‘20, MBA ‘24, while he was at Booth, was recently among 41 student ventures honored in P&Q’s 6th annual “Most Disruptive MBA Startups.” The list highlights startups with the greatest potential for lasting beyond business school. An online reseller of high-end collectibles, Encore has processed over 400,000 transactions and reeled in $2.15 million dollars in investment since its founding. 

How culture shapes capitalism around the world 
March 2, 2025 | Financial Times
Research led by Chicago Booth’s Thomas Talhelm traces Asia’s more collectivist social structure back to the historically laborious process of rice farming. 

North Korea’s $1.5 billion crypto hack exposes bitcoin’s weakness
February 26, 2025 | Marketwatch
Chicago Booth’s Eric Budish says crypto investors should be cautious, because cryptocurrencies’ vulnerability to attacks is growing

Indian firms focusing on application of AI
February 25, 2025 | Bloomberg Daybreak: Europe
A lot of small and medium-sized firms in India are beginning to focus on the applications of AI, says Chicago Booth’s Raghuram Rajan. 

Meet the world’s 24 superbillionaires 
February 25, 2025 | The Wall Street Journal 
Chicago Booth’s Steven Kaplan and Luigi Zingales discuss the rise of the superbillionaire class in the US. 

Was DEI really just performative political theatre? 
February 20, 2025 | Financial Times
An op-ed by Chicago Booth’s Raghuram Rajan discusses the recent dialing back of diversity, equity, and inclusion efforts at private US companies. 

Trump says he could give 20% of DOGE savings back to Americans
February 20, 2025 | Al Jazeera 
“My guess is that 100 percent of the ‘savings’ will be used to pay the severance payments to the workers that they let go,” says Chicago Booth’s Canice Prendergast on targeting DOGE for financial waste management. 

Make things easy for customers and see the growth you’ve been dreaming of
February 17, 2025 | Crain’s Chicago Business
An article by Chicago Booth’s Michael Alter explains why the easier a customer’s experience is, the more successful a business will likely be.   

Raghuram Rajan discusses India’s trade prospect with China and the US under Trump presidency
February 16, 2025 | CNBC Squawk Box Asia
Chicago Booth’s Raghuram Rajan discusses trade relations between India, China, and the US. 

Dr. Raghuram Rajan on India-US ties
February 15, 2025 | Brut India
Chicago Booth’s Raghuram Rajan discusses potential US tariffs on India. “In fact, I think, almost surely we will have some tariffs levied.” 

US-India could be ‘a key relationship in the 21st century’, says Raghuram Rajan
February 14, 2025 | CNBC Squawk Box
In this CNBC interview, Chicago Booth’s Raghuram Rajan discusses the potential benefits of a strong trade relationship between the US and India. 

Bradford Levy of the University of Chicago Booth School of Business: DeepSeek’s “low-cost revolution” challenges the hegemony of AI giants
February 13, 2025 | Sina News
Chicago Booth’s Bradford Levy speaks on the challenges DeepSeek may pose to AI giants. 

Retailers including Trader Joe’s and Kroger have begun limiting egg purchases
February 13, 2025 | NPR
“Hoarding is contagious and not necessarily irrational,” says Chicago Booth’s Ayelet Fishbach of the rising egg purchases in the US. 

US and India to double bilateral trade in five years, Prime Minister Modi says, as Trump tariffs loom
February 13, 2025 | CNBC.com
Chicago Booth’s Raghuram Rajan says the target of $500 billion in trade between the US and India could be achievable. 

Bank of England’s Bailey says deregulation can be bad for growth
February 11, 2025 | Bloomberg
At an event hosted by the University of Chicago Booth School of Business in London, Bank of England governor Andrew Bailey warned politicians against slashing regulation. 

Trump’s new tariffs will hit American consumers the hardest 
February 10, 2025 | Beijing Review
A 2024 survey conducted by Chicago Booth’s Kent A. Clark Center for Global Markets finds that 98 percent of more than 40 leading global economists agree on tariffs increasing prices for consumers. 

The mood of the American consumer is souring
February 7, 2025 | The Wall Street Journal
A survey by Chicago Booth’s Michael Weber and his coauthors finds that American consumers believe that they would have to cover, on average, almost half the cost of a hypothetical 20 percent tariff.

Nobel Prize-winning economist: Bitcoin will be worth nothing in 10 years
February 6, 2025 | The Street
Chicago Booth’s Eugene Fama says cryptocurrency as a “medium of exchange is not supposed to survive.” 

A look at the economic impact of the 2017 tax cuts
February 5, 2025 | NPR Marketplace
Chicago Booth’s Eric Zwick comments on the economic impact of the 2017 tax cuts. 

Meet Chicago Booth’s MBA class of 2026
February 5, 2025 | Poets&Quants
Read the stories of Chicago Booth’s MBA Class of 2026 in this Poets&Quants article. 

Boosting EU demand and a stronger euro would prevent trade war
February 3, 2025 | Politico
An article authored by Chicago Booth’s Veronica Guerrieri, Guido Lorenzoni, and their coauthors discusses how a trade war can be averted between the US and Europe. 

Trade expert says threats of tariffs could cost consumers, whether they go into affect or not
February 3, 2025 | WBBM News Radio
Chicago Booth’s Rodrigo Adao discusses the potential impact of tariffs on goods from Canada, China, or Mexico on Americans. “We should be worried about the fact that they can increase the cost for everyone in the US.”

Are conservatives behind ‘de-banked’?
February 3, 2025 | The Washington Post
“Banks are at risk if they have shady customers,” says Chicago Booth’s Anil Kashyap. “They pay fines frequently.” 

DeepSeek’s breakthrough: A shift in AI economics? 
January 31, 2025 | Silicon Canals
An article by Chicago Booth’s Bradford Levy discusses DeepSeek AI and its relation to economics. 

High inflation sows debate about new Fed playbook for tariffs
January 31, 2025 | New York Times 
A survey conducted by Chicago Booth’s Michael Weber and coauthors finds that consumers are already moving up purchases and stockpiling goods in anticipation of future increased prices. 

Bain and KKR’s brutal battle over trove of hidden assets
January 30, 2025 | Financial Times
Chicago Booth’s Steven Kaplan comments on the fight between Bain Capital and KKR to control Fuji Soft. “This kind of dispute likely wouldn’t get to this stage in the US.” 

Many governments talk about cutting regulation but few manage to
January 30, 2025 | The Economist
Research by Chicago Booth’s Eric Zwick and Chang-Tai Hsieh offers insights into the financial burden that heavy regulation can have on business. 

Industry Weighs in on DeepSeek Launch 
January 28, 2025 | AI Business
“DeepSeek has sent shockwaves through the tech industry, directly challenging tech giants like Meta, Microsoft, and Open AI,” says Chicago Booth’s Bradford Levy of the emerging AI company. 

Hospitals-at-home alternatives score with some providers
January 28, 2025 | Modern Healthcare
Chicago Booth’s Matt Notowidigdo discusses the potential strengths and weaknesses of hospital-at-home programs. 

Why common problems are often worse than we realize
January 27, 2025 | The New York Times
Telling people that a problem is prevalent tends to make them decide it’s less serious, according to research by Ayelet Fischbach and coauthors. “People believed dire problems—ranging from poverty to drunk driving—were less problematic upon learning the number of people they affect.”

As sales slump, Kohl’s turns to new CEO to bring back customers
January 27, 2025 | CNN.com
“If you want to keep stores open, you’ve got to give people reasons to shop in your store,” says Chicago Booth’s Jean-Pierre Dubé.  

What are small luggage models really good for? 
January 21, 2025 | Tech Monitor
Chicago Booth’s Bradford Levy discusses the strengths and weaknesses of small language models for business use. 

Ex-RBI Gov. Raghuram Rajan on world GDP, public debt, US economy
January 21, 2025 | Bloomberg Surveillance
“Good times are when we create space for the bad times. Are we creating the space? We certainly need to do more,” says Chicago Booth’s Raghuram Rajan ahead of the 2025 World Economic Forum. 

Sometimes the riskiest choice is playing it safe
January 20, 2025 | Crain’s Chicago Business
In an article by Chicago Booth’s Jamie Shah discusses the importance of taking calculated risks. “Playing it safe can mean playing small. It can mean passing up the chance to define success.”

Debunking popular myths surrounding MBA admissions
January 19, 2025 | The Hindu
Chicago Booth’s Donna Swinford shares how to navigate the MBA application process with confidence and clarity. 

Are realtors having an existential crisis? 
January 17, 2025 | Freakonomics
On the Freakonomics Radio podcast, Chicago Booth’s Chad Syverson and other economists discuss the real estate industry and housing prices. 

What did Trump tax cuts do? Nobody really knows. 
January 17, 2025 | The New York Times
Research from Chicago Booth’s Eric Zwick and his coauthors finds that lower corporate tax cuts established by law in 2017 helped stimulate more corporate investment. 

Balance of power shifts back towards bosses
January 13, 2025 | The Wall Street Journal 
“Firms are trying to reset expectations,” says Chicago Booth’s Michael Gibbs on recent employer changes to remote-work policies and employee benefits.

TikTok ban update: SCOTUS likely to uphold TikTok ban unless Chinese-owned ByteDance divests
January 10, 2025 | ABC 7 Chicago
Chicago Booth’s Tom Hafen comments on the TikTok ban and how it could affect small businesses. 

Do you want the good feedback, or the bad feedback? 
January 10, 2025 | Financial Times
An article by Chicago Booth’s Ayelet Fishbach and her coauthor examines the effect feedback has on learning. 

How a buddy system can help you reach your goals
January 7, 2025 | NPR: Life Kit
Chicago Booth’s Ayelet Fishbach discusses the importance of working with others to help us reach our goals.  

Donald Trump’s ‘Maganomics’ will damage growth, economists tell FT polls
January 1, 2025 | Financial Times
Economists polled by Chicago Booth and the Financial Times believe that protectionist policies are likely to damage growth, spur inflation, and make the Federal Reserve more cautious about cutting interest rates.