September 16, 2013
An Economist Corners the Market on Global Cartels
Kelvin Ma for The Chronicle
Shaded under a blue umbrella at a Cape Cod beach club, a beer in hand and his banana-yellow Porsche convertible parked nearby, John M. Connor, an emeritus economics professor at Purdue University, had a confession to make: The cartels have been very good for him.
It started nearly two decades ago, with an FBI raid in Illinois that uncovered a global conspiracy to raise prices on animal-feed supplements. At the time, Mr. Connor had spent his days probing, say, the efficiency of the