Cover: The Great Reversal: How America Gave Up on Free Markets, from Harvard University PressCover: The Great Reversal in HARDCOVER

The Great Reversal

How America Gave Up on Free Markets

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Product Details


$29.95 • £23.95 • €27.00

ISBN 9780674237544

Publication Date: 10/29/2019


368 pages

6-1/8 x 9-1/4 inches

70 illus., 17 tables

Belknap Press


  • Preface
  • Introduction
  • I. The Rise of Market Power in the United States
    • 1. Why Economists Like Competition…and Why You Should Too
    • 2. Bad Concentration, Good Concentration
    • 3. The Rise in Market Power
    • 4. The Decline of Investment and Productivity
    • 5. The Failure of Free Entry
  • II. The European Experience
    • 6. Meanwhile, in Europe
    • 7. Are U.S. Prices Too High?
    • 8. How European Markets Became Free
  • III. Political Economy
    • 9. Lobbying
    • 10. Money and Politics
  • IV. An In-Depth Look at Some Industries
    • 11. Why Are Bankers Paid So Much?
    • 12. American Health Care: A Self-Made Disaster
    • 13. Looking at the Stars: Are the Top Firms Really Different?
    • 14. To Regulate or Not to Regulate, That Is the Question
    • 15. Monopsony Power and Inequality
  • Conclusion
  • Appendix
  • Glossary
  • References
  • Acknowledgments
  • Index

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