The great reversal : how America gave up on free markets
(Book)

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Published
Cambridge, Massachusetts : The Belknap Press of Harvard University Press, 2019.
Physical Desc
xii, 343 pages : illustrations ; 25 cm
Status
Spanish Springs Library - Adult Nonfiction
330.973 PHILIP 2019
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Published
Cambridge, Massachusetts : The Belknap Press of Harvard University Press, 2019.
Format
Book
Street Date
1910
Language
English

Notes

Bibliography
Includes bibliographical references and index.
Description
Why 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 Thomas Philippon on an unexpected journey through some of the most complex and hotly debated issues in modern economics. Ultimately he reached his surprising conclusion: American markets, once a model for the world, are giving up on healthy competition. Sector after economic sector is more concentrated than it was twenty years ago, dominated by fewer and bigger players who lobby politicians aggressively to protect and expand their profit margins. Across the country, this drives up prices while driving down investment, productivity, growth, and wages, resulting in more inequality. Meanwhile, Europelong dismissed for competitive sclerosis and weak antitrustis beating America at its own game.Philippon, one of the worlds leading economists, did not expect these conclusions in the age of Silicon Valley start-ups and millennial millionaires. But the data from his cutting-edge research proved undeniable. In this compelling tale of economic detective work, we follow him as he works out the basic facts and consequences of industry concentration in the U.S. and Europe, shows how lobbying and campaign contributions have defanged antitrust regulators, and considers what all this means for free trade, technology, and innovation. For the sake of ordinary Americans, he concludes, government needs to return to what it once did best: keeping the playing field level for competition. Its time to make American markets greatand freeagain.

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Citations

APA Citation, 7th Edition (style guide)

Philippon, T. (2019). The great reversal: how America gave up on free markets . The Belknap Press of Harvard University Press.

Chicago / Turabian - Author Date Citation, 17th Edition (style guide)

Philippon, Thomas. 2019. The Great Reversal: How America Gave Up On Free Markets. The Belknap Press of Harvard University Press.

Chicago / Turabian - Humanities (Notes and Bibliography) Citation, 17th Edition (style guide)

Philippon, Thomas. The Great Reversal: How America Gave Up On Free Markets The Belknap Press of Harvard University Press, 2019.

MLA Citation, 9th Edition (style guide)

Philippon, Thomas. The Great Reversal: How America Gave Up On Free Markets The Belknap Press of Harvard University Press, 2019.

Note! Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy. Citation formats are based on standards as of August 2021.

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