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...

"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...

Cover -- Half Title -- Series -- Title -- Copyright -- Dedication -- Contents -- List of tables -- Table of abbreviations -- Foreword -- Acknowledgements -- Introduction -- I The ambivalent nature of bailouts -- II Bank bailouts and sovereign indebtedness -- III Bailout policy approaches -- Part...