The Great Reversal How America Gave up on Free Markets |
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| Author:
| Philippon, Thomas |
| ISBN: | 978-0-674-24309-5 |
| Publication Date: | Oct 2019 |
| Publisher: | Harvard University Press
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| Book Format: | Ebook |
| List Price: | USD $17.95 |
Book Description:
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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.
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.