The Great reversal: how America gave up on free markets 9780674237544, 9780674243101, 9780674243118, 9780674243095, 2019018624, 0674237544

In this much-anticipated book, a leading economist argues that many key problems of the American economy are due not to

245 109 12MB

English Pages XII, 343 pàgines : il·lustracions ; 25 cm Year 2019

Table of contents :
Conté: 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 --
Glossary --
References --
Acknowledgments --
Index.

The Great reversal: how America gave up on free markets
9780674237544, 9780674243101, 9780674243118, 9780674243095, 2019018624, 0674237544

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Philippon
Thomas

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