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Item Information   Holdings     Summary     More Content       More by this author     Philippon, Thomas, author.     Subjects     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.     Browse Catalog     by author:      Philippon, Thomas, author.       by title:      The great reversal :...         MARC Display

The great reversal : how America gave up on free markets / Thomas Philippon. by Philippon, Thomas, author. Cambridge, Massachusetts : The Belknap Press of Harvard University Press, 2019. Subjects 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 (hardcover) : 0674237544 (hardcover) : Description:  xii, 343 pages : illustrations ; 25 cm 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. Requests:  0 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"--   Copy/Holding information Location Collection Call No. Status   Hawaii State Library Business, Science & Technology 330.973 Ph Checked In Add Copy to MyList Kapolei Public Library Adult Nonfiction 330.973 Ph Transit Add Copy to MyList Koloa P/S Library Adult Nonfiction 330.973 Ph Checked In Add Copy to MyList

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