The Great Reversal

In this thought-provoking audiobook, renowned economist Thomas Philippon explores the surprising reasons behind higher cellphone plan prices in the U.S. compared to Europe, uncovering how increased industry concentration and diminished competition impact the economy. Through compelling research and analysis, he examines the roles of lobbying, regulation, and market dynamics, revealing how these factors influence innovation, wages, and inequality. Ultimately, the book highlights the importance of returning to robust antitrust enforcement to foster a level playing field and boost economic health.