Research in the News
Professor Thomas Philippon's research on the financial services industry
— February 5, 2017
Excerpt from Forbes -- "[Philippon] makes the argument that over the course of a century, the financial services industry has gotten much bigger but also much less efficient. Amazingly, the financial sector of today is much less efficient than the financial sector of the past which provided the capital to support the development of the country’s railroad, steel, and chemical industries!"