# Takeaways from Professor Thomas Philippon's book, "The Great Reversal," are spotlighted

1 Faculty News May 7, 2020 ![City Journal Logo 190 x 145](/sites/default/files/styles/246w/public/assets/images/City%20Journal%20Logo%20190%20x%20145.jpg?itok=acp9nGMU)>

Excerpt from [City Journal](https://www.city-journal.org/america-robust-information-infrastructure) -- "NYU economist [Thomas Philippon](https://www.stern.nyu.edu/faculty/bio/thomas-philippon)’s 2019 book, The Great Reversal: How America Gave Up on Free Markets, was motivated by his observation that European economies have advanced past the U.S. in—as his primary example—'home Internet access.' Citing a survey indicating that U.S. households paid about $66 a month for residential broadband while German households paid just $36, he asks, 'How did the U.S. . . . become such a laggard?'”

[Read More](https://www.city-journal.org/america-robust-information-infrastructure)