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The Great Reversal: How America Gave Up on Free Markets Customer Reviews
:- 5.0 out of 5 stars from Athan -- book of the year, 2019 : This has been the year when the reading public was deemed ready to deal with the topic of market power. A wide variety of great books have come out, like Tim Wu’s treatise on Bigness, Uwe Reinhardt’s posthumous book on American health care, a full legal manual on antitrust by Jonathan Baker and of course the two books that hatched from Barry Lynn’s Open Market Institute: Rana Faroohar’s polemic against the FANGs, “Don’t be Evil” and Matt Stoller’s very readable and comprehensive history of 20th century American populism, the appropriately named “Goliath.” ( Reviewed in the United States on December 15, 2019 )
- 5.0 out of 5 stars from Paul Goldsmith-Pinkham -- An incisive book on how hard it is to maintain free-markets : I would highly recommend this book for anyone trying to get a more nuanced view on the economic and political forces that have shaped the U.S. and global economy in the past 30 years. The Great Reversal forces us to revisit our preconceived notions of what kind of economy the U.S. system is: is it a free market? Do we encourage the right kind of innovation? If there's so much competition, why do I only have two choices for my internet provider? Why is my cell phone so much more expensive than in Europe? ( Reviewed in the United States on November 4, 2019 )
- 5.0 out of 5 stars from Dr. V. J. Acharya -- A thought-provoking book! : I found this to be an important book providing scholarly research in a lucid manner on one of the most topical issues of our times, namely, the lack of adequate consumer surplus/welfare and low overall productivity in the United States for past two-three decades in spite of, and perhaps because of (as Thomas Philippon explains), the high profitability of businesses. The book argues that this coincidence is because free competition in the United States has given way to market concentration, a reversal that can be attributed to a number of factors such as lobbying, reduction in the ease of doing business, lack of adequate anti-trust protections against the span of corporate tech giants, etc. The book offers a variety of examples for different sectors that are easy to understand and relate to, which is a part of the beauty of how the book is written. ( Reviewed in the United States on November 13, 2019 )
- 5.0 out of 5 stars from Pablo C. -- Must read for anyone trying to make sense of the U.S. economy : Great book about how the increase in concentration, economic and political, and the associated decrease in competition shape the world in which we live today. The book is filled with day to day examples that emphasize the complex, and sometimes inherent trade-offs in capitalism and free markets. Must read for anyone trying to make sense of today's world. ( Reviewed in the United States on October 29, 2019 )
- 5.0 out of 5 stars from A. Singh -- Good read on competition policy : Well researched and written timely book. But comparative analysis was a little underwhelming. ( Reviewed in the United Kingdom on January 23, 2020 )
- 5.0 out of 5 stars from Federico -- Must read! : In these days it's rare to find a book on economics worth to be read and which is not something like an article diluted into a book. Written by an author who clearly knows well both the European and the American economic context and how it developed in the last 20-30 years. Interesting assumptions, rigorous analysis, lots of data, clever conclusions. A book to be read ( Reviewed in Italy on October 20, 2020 )
- 4.0 out of 5 stars from Kean Birch -- Worth a read : Generally, I'd say this is well worth a read for those interested in the causes and effects of monopoly. It's good on discussing the economic concepts relating to monopoly, but tends to over-emphasize the economic explanation (for obvious reasons - the author is an economist) at the expense of others ( Reviewed in Canada on December 10, 2020 )
- 5.0 out of 5 stars from Christian Nugue -- Haro sur les cartels : Lecture fort instructrice qui permet de comprendre pourquoi l'Europe, qui n'a pas de licorne, fait payer moins cher ses productions que les Etats-Unis qui en comptent au moins quatre. S'appuyant sur des données de terrain, un excellent économiste français ose expliquer aux Américains que "bigger" n'est pas forcément "better" et que le capitalisme ne doit pas obligatoirement chercher son salut dans la concentration. ( Reviewed in France on January 4, 2020 )
- 5.0 out of 5 stars from ZIMA -- un libro importante : una presentazione "sconvolgente" dei cambiamenti che investono la struttura produttiva americana! ( Reviewed in Italy on September 20, 2021 )
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