Overview
Why are cellphone 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 a 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, Europe--long dismissed for competitive sclerosis and weak antitrust--is beating America at its own game. Philippon, one of the world's leading financial 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.
Full Product Details
Author: Thomas Philippon ,
Walter Dixon
Publisher: Dreamscape Media
Imprint: Dreamscape Media
Dimensions:
Width: 16.30cm
, Height: 2.50cm
, Length: 13.70cm
Weight: 0.181kg
ISBN: 9781690514077
ISBN 10: 1690514078
Publication Date: 03 December 2019
Audience:
General/trade
,
General
Format: Audio
Publisher's Status: Active
Availability: Available To Order
We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately.
Author Information
Thomas Philippon is a professor of finance at the Stern School of Business at New York University. Serving as the Scientific Committee Director and as a board member of the French Prudential Regulator, he is charged with preserving the stability of the French financial system and previously served as the Senior Economic Advisor to the French Finance Minister. Walter Dixon is a media veteran with over twenty years of experience. Having a strong theatre and performing arts background, he has voiced numerous commercials and animated characters. He has recently become a full-time narrator and has recorded more than fifty audiobooks in a range of genres including religion, politics, and children's stories.
