# 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

1 Faculty News June 9, 2020 ![The Washington Post logo](/sites/default/files/styles/246w/public/assets/images/con_031074.jpg?itok=f6OME_Rm)>

Excerpt from [The Washington Post](https://www.washingtonpost.com/business/on-small-business/debt-shakeout-to-make-biggest-tech-firms-retailers-even-bigger/2020/06/09/2079d4c2-aa38-11ea-a43b-be9f6494a87d_story.html) -- "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](https://www.stern.nyu.edu/faculty/bio/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.

[Read More](https://www.washingtonpost.com/business/on-small-business/debt-shakeout-to-make-biggest-tech-firms-retailers-even-bigger/2020/06/09/2079d4c2-aa38-11ea-a43b-be9f6494a87d_story.html)