The Great Reversal

What Hacker News says

1. jean_ttaMay 2021
   See "The Great Reversal: How America Gave Up on Free Markets", by Thomas Philippon [0]

   [0] https://www.hup.harvard.edu/catalog.php?isbn=9780674237544

   thread
2. angioAug 2020
   Another book that touches on the subject is "The Great Reversal: How America Gave Up on Free Markets" by Thomas Philippon.
   thread
3. nabla9Jun 2020
   If you want to get little deeper into this, Thomas Philippon (NYU professor) has nice new book "The Great Reversal: How America Gave Up on Free Markets" https://www.hup.harvard.edu/catalog.php?isbn=9780674237544

   Here is an interview that gives the outline: https://promarket.org/2019/12/09/the-lack-of-competition-has...

   thread
4. nabla9Jun 2020
   Thomas Philippon (NYU professor) has nice new book "The Great Reversal: How America Gave Up on Free Markets" https://www.hup.harvard.edu/catalog.php?isbn=9780674237544

   Here is an interview with Philippon that has some of the main points: https://promarket.org/2019/12/09/the-lack-of-competition-has...

   thread
5. Mr_ShibaJan 2020
   For anyone interested in this topic I strongly recommend: The Great Reversal: How America Gave Up on Free Markets by Thomas Philippon

   Serious research with data, but also approachable for noneconomist.

   thread
6. nabla9Aug 2020
   The Great Reversal -How America Gave Up on Free Markets by Thomas Philippon https://www.hup.harvard.edu/catalog.php?isbn=9780674237544

   The Economist: https://www.economist.com/finance-and-economics/2019/12/12/a...

   Article by Philippon: https://www.theatlantic.com/ideas/archive/2019/10/europe-not...

   "Chapter 8 How European Markets Became Free" Is funny story how EU accidentally tricked itself into creating competitive markets for products and services.

   EU governments have tradition of protecting their own economies and shaping their industrial policy as they have done in the past. Distrust between countries led to the only working solution: independent regulators and fair markets. Ruhr Authority in 1949 was already independent from from the control of any European country but it took several decades for Europe to create broad, independent, and powerful regulators.

   And the results are clear: EU has state aid rules for example, the US does not. In the US corporations have incentive to shop around for subsidies, pitting one state against another and leading to inefficient outcomes.

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