Book Review: The Great Reversal by Thomas Philippon

2021 ◽  
Vol 59 (4) ◽  
pp. 1340-1360
Author(s):  
Jan Eeckhout
Keyword(s):  
Technological Change ◽  
Market Power ◽  
The United States ◽  
Policy Intervention ◽  
Relevant Issue ◽  
Free Markets ◽  
Policy Interventions ◽  
Macroeconomic Implications ◽  
Concentration Indices

Thomas Philippon’s The Great Reversal: How America Gave Up on Free Markets is a remarkable piece of research that draws our attention to a timely and relevant issue: the rise of market power and its macroeconomic implications. The book documents the facts, offers a number of hypotheses to explain those facts, and discusses the policy interventions needed to remedy market power. This essay reviews the contribution of the book, especially the conceptual and empirical foundations that lead to the main conclusions. The main virtue of the book is to offer a wealth of facts and implications that highlight the different aspects of the evolution of market power. This essay also considers instances that permit an alternative viewpoint. First, I maintain that the reliance on concentration indices to measure market power can be misleading. Second, the essay argues that to date there is no evidence that bestows a different experience in the evolution of market power in Europe compared to the United States. Third, the book gives most air time to antitrust and merger review as the main cause. While antitrust is relevant, technological change is at least as, if not more, important for the observed rise of market power. This essay manifests that technological change has fundamental implications for welfare and therefore for policy intervention. (JEL D24, E22, G31, G34, K21, L13)

Book Review: In the Ruins of Neoliberalism by Wendy Brown

2021 ◽  
Vol 7 ◽  
Author(s):  
Chané Henney
Keyword(s):  
United States ◽  
The United States ◽  
Donald Trump ◽  
The West ◽  
Free Markets ◽  
Traditional Morality

This review examines Wendy Brown's argument that neoliberalism led to the resurgence of antidemocracy in the West. It is argued that Brown's main arguments offer a valid explanation of the hard-right's appeal to conservatives in the United States. This ultimately led to an overwhelming support for Donald Trump as president of the U. S. The author exposes the antidemocratic effects of the Hayekian view of democracy, which is largely based on the support of free markets and traditional morality.   

scholarly journals Environment influences SARS-CoV-2 transmission in the absence of non-pharmaceutical interventions

2020 ◽  
Author(s):  
Thomas P Smith ◽  
Seth Flaxman ◽  
Amanda S Gallinat ◽  
Sylvia P Kinosian ◽  
Michael Stemkovski ◽  
...  
Keyword(s):  
Seasonal Variation ◽  
Transmission Rate ◽  
The United States ◽  
Transmission Intensity ◽  
Policy Intervention ◽  
Policy Interventions ◽  
Winter Temperatures ◽  
Using Data ◽  
Autumn And Winter ◽  
The Impact

As COVID-19 continues to spread across the world, it is increasingly important to understand the factors that influence its transmission. Seasonal variation driven by responses to changing environment has been shown to affect the transmission intensity of several coronaviruses. However, the impact of the environment on SARS-CoV-2 remains largely unknown, and thus seasonal variation remains a source of uncertainty in forecasts of SARS-CoV-2 transmission. Here we address this issue by assessing the association of temperature, humidity, UV radiation, and population density with estimates of transmission rate (R). Using data from the United States of America, we explore correlates of transmission across USA states using comparative regression and integrative epidemiological modelling. We find that policy intervention (`lockdown') and reductions in individuals' mobility are the major predictors of SARS-CoV-2 transmission rates, but in their absence lower temperatures and higher population densities are correlated with increased SARS-CoV-2 transmission. Our results show that summer weather cannot be considered a substitute for mitigation policies, but that lower autumn and winter temperatures may lead to an increase in transmission intensity in the absence of policy interventions or behavioural changes. We outline how this information may improve the forecasting of SARS-CoV-2, its future seasonal dynamics, and inform intervention policies.

The French Way

2011 ◽  
Author(s):  
Richard F. Kuisel
Keyword(s):  
United States ◽  
The United States ◽  
French Language ◽  
French Cinema ◽  
Free Markets ◽  
Technology Sector ◽  
Aids Epidemic ◽  
Political Reality ◽  
Politics And Culture ◽  
The U.S

There are over 1,000 McDonald's on French soil. Two Disney theme parks have opened near Paris in the last two decades. And American-inspired vocabulary such as “le weekend” has been absorbed into the French language. But as former French president Jacques Chirac put it: “The U.S. finds France unbearably pretentious. And we find the U.S. unbearably hegemonic.” Are the French fascinated or threatened by America? They Americanize yet are notorious for expressions of anti-Americanism. From McDonald's and Coca-Cola to free markets and foreign policy, this book looks closely at the conflicts and contradictions of France's relationship to American politics and culture. The book shows how the French have used America as both yardstick and foil to measure their own distinct national identity. France has charted its own path: it has welcomed America's products but rejected American policies; assailed Americ's “jungle capitalism” while liberalizing its own economy; attacked “Reaganomics” while defending French social security; and protected French cinema, television, food, and language even while ingesting American pop culture. The book examines France's role as an independent ally of the United States, but he also considers the country's failures in influencing the Reagan, Bush, and Clinton administrations. Whether investigating France's successful information technology sector or its spurning of American expertise during the AIDS epidemic, the book asks if this insistence on a French way represents a growing distance between Europe and the United States or a reaction to American globalization. Exploring cultural trends, values, public opinion, and political reality, this book delves into the complex relationship between two modern nations.

Book Review: The Shaping of American Higher Education

NASPA Journal ◽  
2000 ◽  
Vol 38 (1) ◽  
Author(s):  
Gary H. Knock
Keyword(s):  
Higher Education ◽  
United States ◽  
The United States ◽  
Early History ◽  
Quarter Century ◽  
American Higher Education ◽  
History Of ◽  
Broad Understanding

In the introduction of this book, Arthur Cohen states that The Shaping of American Higher Education is less a history than a synthesis. While accurate, this depiction in no way detracts from the value of the book. This work synthesizes the first three centuries of development of high-er education in the United States. A number of books detail the early history of the American collegiate system; however, this book also pro-vides an up-to-date account of developments and context for under-standing the transformation of American higher education in the last quarter century. A broad understanding of the book’s subtitle, Emergence and Growth of the Contemporary System, is truly realized by the reader.

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