The Great Reversal How America Gave Up on Free Markets
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 mar...
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| Format: | eBook |
| Language: | English |
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Cambridge ; Massachusetts ; London ; England
Harvard University Press
2019, ©2019
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| Collection: | DeGruyter MPG Collection - Collection details see MPG.ReNa |
| 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. |
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| Physical Description: | 304 Seiten |
| ISBN: | 978-0-674-24309-5 9780674243101 9780674243118 |