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The Great Reversal : How America Gave Up on Free Markets / Thomas Philippon.

By: Material type: TextTextPublisher: Cambridge, MA : Harvard University Press, [2019]Copyright date: ©2019Description: 1 online resource (304 p.)Content type:
Media type:
Carrier type:
ISBN:
  • 9780674243095
Subject(s): Other classification:
  • online - DeGruyter
Online resources:
Contents:
Frontmatter -- Contents -- Preface -- Introduction -- Part One. The Rise of Market Power in the United States -- 1. Why Economists Like Competition . . . and Why You Should Too -- 2. Bad Concentration, Good Concentration -- 3. The Rise in Market Power -- 4. The Decline of Investment and Productivity -- 5. The Failure of Free Entry -- Part Two. The European Experience -- 6. Meanwhile, in Europe -- 7. Are US Prices Too High? -- 8. How European Markets Became Free -- Part Three. Political Economy -- 9. Lobbying -- 10. Money and Politics -- Part Four. An In-Depth Look at Some Industries -- 11. Why Are Bankers Paid So Much? -- 12. American Health Care: A Self-Made Disaster -- 13. Looking at the Stars: Are the Top Firms Really Different? -- 14. To Regulate or Not to Regulate, That Is the Question -- 15. Monopsony Power and Inequality -- Conclusion -- Appendix -- Glossary -- References -- Acknowledgments -- Index
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.
Holdings
Item type Current library Call number URL Status Notes Barcode
eBook eBook Biblioteca "Angelicum" Pont. Univ. S.Tommaso d'Aquino Nuvola online online - DeGruyter (Browse shelf(Opens below)) Online access Not for loan (Accesso limitato) Accesso per gli utenti autorizzati / Access for authorized users (dgr)9780674243095

Frontmatter -- Contents -- Preface -- Introduction -- Part One. The Rise of Market Power in the United States -- 1. Why Economists Like Competition . . . and Why You Should Too -- 2. Bad Concentration, Good Concentration -- 3. The Rise in Market Power -- 4. The Decline of Investment and Productivity -- 5. The Failure of Free Entry -- Part Two. The European Experience -- 6. Meanwhile, in Europe -- 7. Are US Prices Too High? -- 8. How European Markets Became Free -- Part Three. Political Economy -- 9. Lobbying -- 10. Money and Politics -- Part Four. An In-Depth Look at Some Industries -- 11. Why Are Bankers Paid So Much? -- 12. American Health Care: A Self-Made Disaster -- 13. Looking at the Stars: Are the Top Firms Really Different? -- 14. To Regulate or Not to Regulate, That Is the Question -- 15. Monopsony Power and Inequality -- Conclusion -- Appendix -- Glossary -- References -- Acknowledgments -- Index

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http://purl.org/coar/access_right/c_16ec

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.

Mode of access: Internet via World Wide Web.

In English.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 24. Aug 2021)