United States Versus Economic Concentration and Monopoly

United States Versus Economic Concentration and Monopoly
Title United States Versus Economic Concentration and Monopoly PDF eBook
Author United States. Congress. House. Select Committee on Small Business
Publisher
Pages 454
Release 1946
Genre Trusts, Industrial
ISBN

Download United States Versus Economic Concentration and Monopoly Book in PDF, Epub and Kindle

Memoirs of an Unregulated Economist

Memoirs of an Unregulated Economist
Title Memoirs of an Unregulated Economist PDF eBook
Author George J. Stigler
Publisher University of Chicago Press
Pages 182
Release 2003-03-15
Genre Biography & Autobiography
ISBN 9780226774404

Download Memoirs of an Unregulated Economist Book in PDF, Epub and Kindle

In this witty and modest intellectual autobiography, George J. Stigler gives us a fascinating glimpse into the little-known world of economics and the people who study it. One of the most distinguished economists of the twentieth century, Stigler was awarded the Nobel Prize in 1982 for his work on public regulation. He also helped found the Chicago School of economics, and many of his fellow Chicago luminaries appear in these pages, including Fredrich Hayek, Milton Friedman, Ronald Coase, and Gary Becker. Stigler's appreciation for such colleagues and his sense of excitement about economic ideas past and present make his Memoirs both highly entertaining and highly educational.

The Great Reversal

The Great Reversal
Title The Great Reversal PDF eBook
Author Thomas Philippon
Publisher Belknap Press
Pages 361
Release 2019-10-29
Genre Business & Economics
ISBN 0674237544

Download The Great Reversal Book in PDF, Epub and Kindle

A Financial Times Book of the Year A ProMarket Book of the Year “Superbly argued and important...Donald Trump is in so many ways a product of the defective capitalism described in The Great Reversal. What the U.S. needs, instead, is another Teddy Roosevelt and his energetic trust-busting. Is that still imaginable? All believers in the virtues of competitive capitalism must hope so.” —Martin Wolf, Financial Times “In one industry after another...a few companies have grown so large that they have the power to keep prices high and wages low. It’s great for those corporations—and bad for almost everyone else.” —David Leonhardt, New York Times “Argues that the United States has much to gain by reforming how domestic markets work but also much to regain—a vitality that has been lost since the Reagan years...His analysis points to one way of making America great again: restoring our free-market competitiveness.” —Arthur Herman, Wall Street Journal 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 one of the world’s leading economists on an unexpected journey through some of the most hotly debated issues in his field. He reached a surprising conclusion: American markets, once a model for the world, are giving up on healthy competition. In the age of Silicon Valley start-ups and millennial millionaires, he hardly expected this. But the data from his cutting-edge research proved undeniable. In this compelling tale of economic detective work, we follow Thomas Philippon as he works out the facts and consequences of industry concentration, shows how lobbying and campaign contributions have defanged antitrust regulators, and considers what all this means. Philippon argues that many key problems of the American economy are due not to the flaws of capitalism or globalization but to the concentration of corporate power. By lobbying against competition, the biggest firms drive profits higher while depressing wages and limiting opportunities for investment, innovation, and growth. For the sake of ordinary Americans, he concludes, government needs to get back to what it once did best: keeping the playing field level for competition. It’s time to make American markets great—and free—again.

The Antitrust Paradox

The Antitrust Paradox
Title The Antitrust Paradox PDF eBook
Author Robert Bork
Publisher
Pages 536
Release 2021-02-22
Genre
ISBN 9781736089712

Download The Antitrust Paradox Book in PDF, Epub and Kindle

The most important book on antitrust ever written. It shows how antitrust suits adversely affect the consumer by encouraging a costly form of protection for inefficient and uncompetitive small businesses.

The Fortune Encyclopedia of Economics

The Fortune Encyclopedia of Economics
Title The Fortune Encyclopedia of Economics PDF eBook
Author David R. Henderson
Publisher Grand Central Pub
Pages 876
Release 1993-01
Genre Business & Economics
ISBN 9780446516372

Download The Fortune Encyclopedia of Economics Book in PDF, Epub and Kindle

Essays cover basic economic concepts, schools of economic thought, financial markets, and foreign economies

Monopsony in Motion

Monopsony in Motion
Title Monopsony in Motion PDF eBook
Author Alan Manning
Publisher Princeton University Press
Pages 414
Release 2013-12-03
Genre Business & Economics
ISBN 1400850673

Download Monopsony in Motion Book in PDF, Epub and Kindle

What happens if an employer cuts wages by one cent? Much of labor economics is built on the assumption that all the workers will quit immediately. Here, Alan Manning mounts a systematic challenge to the standard model of perfect competition. Monopsony in Motion stands apart by analyzing labor markets from the real-world perspective that employers have significant market (or monopsony) power over their workers. Arguing that this power derives from frictions in the labor market that make it time-consuming and costly for workers to change jobs, Manning re-examines much of labor economics based on this alternative and equally plausible assumption. The book addresses the theoretical implications of monopsony and presents a wealth of empirical evidence. Our understanding of the distribution of wages, unemployment, and human capital can all be improved by recognizing that employers have some monopsony power over their workers. Also considered are policy issues including the minimum wage, equal pay legislation, and caps on working hours. In a monopsonistic labor market, concludes Manning, the "free" market can no longer be sustained as an ideal and labor economists need to be more open-minded in their evaluation of labor market policies. Monopsony in Motion will represent for some a new fundamental text in the advanced study of labor economics, and for others, an invaluable alternative perspective that henceforth must be taken into account in any serious consideration of the subject.

In Defense of Monopoly

In Defense of Monopoly
Title In Defense of Monopoly PDF eBook
Author Richard B. McKenzie
Publisher University of Michigan Press
Pages 554
Release 2019-02-28
Genre Business & Economics
ISBN 0472901141

Download In Defense of Monopoly Book in PDF, Epub and Kindle

In Defense of Monopoly offers an unconventional but empirically grounded argument in favor of market monopolies. Authors McKenzie and Lee claim that conventional, static models exaggerate the harm done by real-world monopolies, and they show why some degree of monopoly presence is necessary to maximize the improvement of human welfare over time. Inspired by Joseph Schumpeter's suggestion that market imperfections can drive an economy's long-term progress, In Defense of Monopoly defies conventional assumptions to show readers why an economic system's failure to efficiently allocate its resources is actually a necessary precondition for maximizing the system's long-term performance: the perfectly fluid, competitive economy idealized by most economists is decidedly inferior to one characterized by market entry and exit restrictions or costs. An economy is not a board game in which players compete for a limited number of properties, nor is it much like the kind of blackboard games that economists use to develop their monopoly models. As McKenzie and Lee demonstrate, the creation of goods and services in the real world requires not only competition but the prospect of gains beyond a normal competitive rate of return.