University of Wisconsin–Madison

The Economic Risks of Dismantling the PCAOB

By Taehun Kim | Spring 2026 The Public Company Accounting Oversight Board(PCAOB), created by the Sarbanes-Oxley Act of 2002(SOX), is an organization that regulates audits of publiccompanies and brokers and dealers registered with theSecurities and Exchange Commission (SEC). Their goalis to oversee the auditing profession and the auditingstandards, and their activities contribute to thepreparation of …

Acquisition or Organic Growth? A DoubleEvent Study of Netflix’s Attempted Mergerwith Warner Bros. Discovery

By Kayvan Sinha | Spring 2026 – Volume 16 Introduction Netflix transformed the entertainmentindustry in 2007 when it pivoted from amail-in DVD service to an online streaming platform, giving viewers immediate, ondemandaccess to its movie collection. As audiencesdiscovered they could watch entire seasons and moviesat any time, the ‘binge-watching’ phenomenon tookhold, and the era of …

From Farmers to Builders to Tax Revenue: Migrant Crackdowns are Changing Migrant Labor

By Jessie Chen and Caleb Bergeron | Spring 2026 – Volume 16 Introduction Since the return of the Trump administration, theUnited States has seen a sharp escalation inimmigration enforcement. In May 2025, Trump’sadviser Stephen Miller publicly stated that DHS has atarget of 3,000 daily arrests (Olivares, 2025), and byNovember 2025, the number has increased by …

Is a Master’s Degree Still Worth It In 2026?

By Alex Jue | Spring 2026 – Volume 16 For decades, college graduates have faced lowerunemployment rates, lower barriers to entry-level roles,and more stability in employment than high schoolgraduates without college educations. Along with higherwages, these advantages and benefits reinforced highereducationsince it became more accessible to the publicscholars as a way to achieve financial stability …

Islamic Finance: Principles and Practice Beyond Interest

By Raja Chinnakotla | Spring 2026 – Volume 16 Why is Islamic Finance Different? In conventional understandings of economics, the ideaof interest and the cost of borrowing money are afoundation for the field. In the field of economics,interest is a nonnegotiable fact. Among internationalgroups, including the World Bank and the IMF, it iswidely frowned upon …

Madison’s Invisible Ceiling: An Analysis of Height Restriction andHousing Density 60 Years Later

By David Miller | Spring 2026 – Volume 16 Introduction If you live in Madison, you will certainly have heard thephrase “housing crisis” in recent years. You may have alsonoticed the near-constant development of new apartmentbuildings downtown. This might be related to the over8,500 first-year students admitted yearly by the Universityof Wisconsin – Madison (University …

The Economics of Wisconsin Dairy

By Justin Dickman and Declan Rafter | Spring 2026 – Volume 16 On a dewy morning in Greenleaf WI, Jim Leick rollsout of bed at 4:30 AM and throws on a pair of jeansbefore greeting the gray gravel paths and navy blue feedsilos at Greenleaf Ledge Dairy family farm (GLD).Approximately 700 cows rely on the …

Correcting Externalities or Reinforcing Inequality? Evaluating India’s Vehicle Scrappage Policy

By Ananya Vashishth | Spring 2026 – Volume 16 Introduction On any given morning in Delhi, Mumbai, or Bengaluru,a decades-old scooter may idle beside a brand-new SUVat a traffic light. The contrast reflects more thanconsumer preference. In India, vehicles are not merelygoods- they are long-term investments, livelihood tools,and often the most valuable asset a household …

Afghanistan’s Economic Recovery: A Cautious Pivot to China

By Junhao Yang | Spring 2026 – Volume 16 Since the Taliban takeover in 2021, Afghanistan haseffectively been under sanction by the Western world,which has used them as a bargaining tool in negotiationsregarding women’s rights. However, without furtherengagement with the global community, Afghanistanrisks slipping into further instability driven by acombination of poverty and a growing …

The Economics of Conservatism

By Dina Farooq Kalim | Spring 2026 – Volume 16 In politics, you might hear the phrase “socially liberal butfiscally conservative,” but this is actually an oxymoron.Although many people believe that economic policy andsocial policy are two separate entities, the two are in factinextricably linked. As of recently, many Gen Z’s, particularly men, havebegun to …