TY  - BOOK
AU  - Philippon,Thomas
TI  - The great reversal: how America gave up on free markets 
SN  - 9780674237544 (hbk)
AV  - HB 95 P552g 2019
U1  - 330.973 
PY  - 2019///
CY  - Cambridge, Massachusetts
PB  - The Belknap Press of Harvard University Press
KW  - Free enterprise
KW  - United States
KW  - Europe
KW  - Political aspects
KW  - Libre empresa
KW  - Aspectos políticos
KW  - Markets
KW  - Mercados
KW  - Competition
KW  - Competencia
KW  - Lobbying
KW  - Cabildeo
N1  - Includes bibliographical references (pages 317-329) and index; Part one. The rise of market power in the United States: 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 finance is still expensive -- American healthcare, a self-made disaster -- GAFAnoMics, Part 1: Are they really different? -- GAFAnoMics, Part 2. To regulate or not to regulate, that is the question -- It's baaack? Monopsony power in labor markets and inequality -- Conclusion: Some economic principles for the 21st century
N2  - "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"--
ER  -