# Professor Thomas Philippon's new book, "The Great Reversal," is reviewed

1 Faculty News November 6, 2019 ![Wall Street Journal logo](/sites/default/files/styles/246w/public/assets/images/wsjlogo.jpg?itok=5Qt0z3WX)>

Excerpt from [The Wall Street Journal](https://www.wsj.com/articles/the-great-reversal-review-when-bigger-is-not-better-11573084540) -- "‘The idea that US markets are the most competitive in the world has been widely accepted in economics for several decades,' economist [Thomas Philippon](https://www.stern.nyu.edu/faculty/bio/thomas-philippon) writes in 'The Great Reversal.' The thrust of his argument is that this idea is largely a myth. Even before the financial crash of 2007-08, he says, many Americans felt that there was something not right about the economy—that it wasn’t performing as advertised."

[Read More](https://www.wsj.com/articles/the-great-reversal-review-when-bigger-is-not-better-11573084540)