Faculty News
Insights from Professor Thomas Philippon's book, "The Great Reversal," on how a lack of competition leads to lower wages, less business investment and slower economic growth are cited
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Excerpt from The Washington Post -- "That’s being blamed for a variety of economic ills. In his 2019 book 'The Great Reversal: How America Gave Up on Free Markets,' Thomas Philippon, a professor at New York University’s Stern School of Business, argues that a lack of competition leads to lower wages, less business investment and slower economic growth.
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