Cover -- Title Page -- Copyright -- Dedication -- Contents -- Introduction -- I. The Market Power Paroxysm and the Antitrust Paradigm -- 1. Market Power in an Era of Antitrust -- 2. The Faltering Political Consensus Supporting Antitrust -- 3. Preventing the Political Misuse of Antitrust -- 4....

"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...