# Professor Thomas Philippon's research on the financial services industry

Research in the News

— April 21, 2017

As seen in: The New York Times

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Excerpt from [The New York Times](https://www.nytimes.com/2017/04/21/books/review/rabble-of-dead-money-charles-r-morris-great-depression-wall-street.html?_r=0) -- "[Thomas Philippon](http://www.stern.nyu.edu/faculty/bio/thomas-philippon), an economist at New York University, has published papers on the financial service industry’s share of the nation’s gross domestic product, or G.D.P. In the 1920s, finance’s share of G.D.P. doubled, with most of the growth taking place in the second half of the decade."

[Read more](https://www.nytimes.com/2017/04/21/books/review/rabble-of-dead-money-charles-r-morris-great-depression-wall-street.html?_r=0)