# Eric Zwick

Markdown copy of https://realalpha.app/people/eric-zwick/ on Real Alpha, the best minutes from long interviews with the people building AI. Cite and link the page, not this copy.

Real Alpha has cut 2 moments of Eric Zwick (Joel F. Gemunder Professor of economics and finance, University of Chicago Booth School of Business) talking, from an interview on Prof G Markets published Oct 23, 2026.

- Role: Joel F. Gemunder Professor of economics and finance, University of Chicago Booth School of Business
- About: Researches how taxation and private businesses shape wealth inequality; co-authored The Everywhere Millionaire.

## What Eric Zwick said

- [Business income can face lower taxes than wages](https://realalpha.app/s/business-income-can-face-lower-taxes-than-wages/)
  Prof G Markets · Oct 23, 2026 · 4 min
  > “But most of the income that you receive from that business is going to come out not in the form of wages, but in the form of profits.” — Eric Zwick · [37:28](https://realalpha.app/v/i7c5RGKznxI/?t=2248)
- [Local rules shield incumbents from competition](https://realalpha.app/s/local-rules-shield-incumbents-from-competition/)
  Prof G Markets · Oct 23, 2026 · 4 min
  > “You can't, as a manufacturer, sell directly to consumers.” — Eric Zwick · [15:55](https://realalpha.app/v/i7c5RGKznxI/?t=955)

## The episode

- [Meet The Millionaire Class That Really Runs America](https://realalpha.app/v/i7c5RGKznxI/) · Prof G Markets · Oct 23, 2026