The Great Reversal: How America Gave Up on Free Markets

The Great Reversal: How America Gave Up on Free Markets
ISBN-10
0674237544
ISBN-13
9780674237544
Series
The Great Reversal
Category
Business & Economics
Pages
304
Language
English
Published
2019
Publisher
Belknap Press
Author
Thomas Philippon

Description

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.

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