The great reversal : how America gave up on free markets / Thomas Philippon.
Philippon, Thomas, author.
2019
HB95 .P53 2019eb
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Title The great reversal : how America gave up on free markets / Thomas Philippon.
Author Philippon, Thomas, author.
ISBN 9780674243095 (electronic book)
0674243099 (electronic book)
9780674243101 (electronic book)
0674243102 (electronic book)
9780674237544
0674237544
Published Cambridge, Massachusetts : The Belknap Press of Harvard University Press, [2019]
Language English
Description 1 online resource (xii, 343 pages) : illustrations
Call Number HB95 .P53 2019eb
Dewey Decimal Classification 330.973
Summary "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 markets, leading to higher prices and lower wages"-- Provided by publisher.
Bibliography, etc. Note Includes bibliographical references and index.
Access Note Access limited to authorized users.
Digital File Characteristics text file
Source of Description Description based on print version record.
Available in Other Form Great reversal.
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Part one. The rise of market power in the U.S.: Why economists like competition...and why you should too
Bad concentration, good concentration
The rise in market power
The decline of investment and productivity
The failure of free entry
Part two. The European experience: Meanwhile, in Europe
Are US prices too high?
How European markets became free
Part three. Political economy: Lobbying
Money and politics
Part four. In depth look at some industries: Why are bankers paid so much?
American health care: a self-made disaster
Looking at the stars: are the top firms really different?
To regulate or not to regulate, that is the question
Monopsony power and inequality
Conclusion.

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