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Author Philippon, Thomas, author.

Title The great reversal : how America gave up on free markets / Thomas Philippon.

Publication Info. Cambridge, Massachusetts : The Belknap Press of Harvard University Press, 2019.
1 hold on first copy returned of 2 copies
Location Call No. Status
 95th Street Adult Nonfiction  330.973 PHI    AVAILABLE
 Nichols Adult Nonfiction  330.973 PHI    AVAILABLE
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Description xii, 343 pages : illustrations ; 25 cm
Bibliography Includes bibliographical references and index.
Contents 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.
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.
Subject Free enterprise -- United States.
Free enterprise -- Europe.
Free enterprise -- Political aspects -- United States.
Markets -- United States.
Markets -- Europe.
Competition -- United States.
Competition -- Europe.
Lobbying -- United States.
ISBN 9780674237544
0674237544
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