The Great Reversal: How America Gave Up on Free Markets

Thomas Philippon

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Sprache: Englisch

Verlag: Harvard University Press, 2021

0674260325 / 9780674260320

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Artikelbeschreibung des Verkäufers

A Financial Times Book of the YearA ProMarket Book of the Year?Superbly argued and important?Donald Trump is in so many ways a product of the defective capitalism described in The Great Reversal. What the U.S. needs, instead, is another Teddy Roosevelt and his energetic trust-busting. Is that still imaginable? All believers in the virtues of competitive capitalism must hope so.??Martin Wolf, Financial Times?In one industry after another?a few companies have grown so large that they have the power to keep prices high and wages low. It?s great for those corporations?and bad for almost everyone else.??David Leonhardt, New York Times?Argues that the United States has much to gain by reforming how domestic markets work but also much to regain?a vitality that has been lost since the Reagan years?His analysis points to one way of making America great again: restoring our free-market competitiveness.??Arthur Herman, Wall Street JournalWhy are cell-phone plans so much more expensive in the United States than in Europe? It seems a simple question, but the search for an answer took one of the world?s leading economists on an unexpected journey through some of the most hotly debated issues in his field. He reached a surprising conclusion: American markets, once a model for the world, are giving up on healthy competition.In the age of Silicon Valley start-ups and millennial millionaires, he hardly expected this. But the data from his cutting-edge research proved undeniable. In this compelling tale of economic detective work, we follow Thomas Philippon as he works out the facts and consequences of industry concentration, shows how lobbying and campaign contributions have defanged antitrust regulators, and considers what all this means. Philippon argues that many key problems of the American economy are due not to the flaws of capitalism or globalization but to the concentration of corporate power. By lobbying against competition, the biggest firms drive profits higher while depressing wages and limiting opportunities for investment, innovation, and growth. For the sake of ordinary Americans, he concludes, government needs to get back to what it once did best: keeping the playing field level for competition. It?s time to make American markets great?and free?again.…

Bestandsnummer des Verkäufers 00099526490

Titel
The Great Reversal: How America Gave Up on Free Markets
Autor
Thomas Philippon
Verlag
Harvard University Press
Erscheinungsjahr
2021
Zustand
Good
Einband
Paperback
Sprache
Englisch
ISBN-10
0674260325
ISBN-13
9780674260320

World of Books (was SecondSale)

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Verkäufer:in bei ZVAB seit 20. Dezember 2007

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