Monopolies Books

Book SynopsisBrings together a selection of articles which discuss the role of economists in the enforcement of antitrust law. Presents the various ways economists function in the world of antitrust. Includes econometric market delineation, monopolies, and antitrust analysis.Table of ContentsIntroduction: The Demand for and Supply of Economics in Modern Antitrust (F. McChesney). The Causes and Consequences of the Aluminum MOU (R. Higgins, et al.). Identifying Contracts, Combinations and Conspiracies in Restraint of Trade (A. Dick). Distinguishing Participants from Nonparticipants in a Price-fixing Conspiracy: Liability and Damages (R. Blair & R. Romano). Durable Goods, Maintenance, and Tying Arrangements (W. Shughart). Market Power in Aftermarkets (B. Klein). The Role of Economics in Defining Antitrust Injury and Standing (R. Blair & W. Page). Breakfast at the Federal Trade Commission (W. Shughart, et al.). Econometric Market Delineation (D. Scheffman & P. Spiller). The Nuts and Bolts of Antitrust Analysis: Some Thoughts on How to Develop the Facts (D. Kaplan). Market Share and Market Power in Merger and Monopolization Cases (D. Cameron & M. Glick). Measuring Market Power When the Firm has Power in the Input and Output Markets (K. Hylton & M. Lasser). The Demsetz Postulate and the Welfare Effects of Mergers in Differentiated Products Industries (L. Froeb, et al.). Monopoly and the Problem of the Economists (W. Shughart).

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Book SynopsisDo you want to lead like a business professionalâor a Neanderthal? This book breaks our millennia-old leadership mold to provide the skills for real, lasting success in todayâs business worldFor too long, humans have been following others based largely on that personâs sense of physical strength, appearance and dominance. Itâs a model that dates back to the Neanderthals and which, incredibly, we continue to applyâconsciously or not.The Power of Evolved Leadership establishes a new standard for leadership. It shifts you away from a leadership profile of power, command, and control to move your toward the nuance of motivation, inspiration, and, most critically, the shedding of âego.â The author bases his perspective and methods on close studies and personal interviews of many of todayâs most successful leaders.

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Book SynopsisThe days of boom and bubble are over, and the time has come to understand the long-term economic reality. Although the Great Recession officially ended in 2009, hopes for a new phase of economic expansion were quickly dashed. Instead, growth has been slow, unemployment has remained high, wages and benefits have seen little improvement, poverty has increased, and the trend toward more inequality of incomes and wealth has continued. It appears that the Great Recession has given way to a period of long-term anaemic growth, which Foster and McChesney aptly term the Great Stagnation.This incisive and timely book traces the origins of economic stagnation and explains what it means for a clear understanding of our current situation. The authors point out that increasing monopolization of the economy-when a handful of large firms dominate one or several industries-leads to an over-abundance of capital and too few profitable investment opportunities, with economic stagnation as the result. Absent powerful stimuli to investment, such as historic innovations like the automobile or major government spending, modern capitalist economies have become increasingly dependent on the financial sector to realize profits. And while financialisation may have provided a respite from stagnation, it is a solution that cannot last indefinitely, as instability in financial markets over the last half-decade has made clear.Trade Review("The authors carefully develop a powerful case that the normal state of 'really existing capitalist economies,' increasingly dominated by multinational megacorporations along with associated financialization, is not growth with occasional recession, but rather stagnation with occasional escapes that have diminishing prospects. Hence an 'endless crisis,' endless in both time and space, including China. And a crisis that is heading towards disaster unless there is a radical change of course. This valuable inquiry should be carefully studied and pondered, and should be taken as an incentive to action." -Noam Chomsky) // ("In the distinguished tradition of Paul Baran and Paul Sweezy, Foster and McChesney here combine grim analysis with bleak prognosis, reminding us that monopoly power disappeared from the textbooks but not from real life. This is a useful book for anyone raised on the reflexive American optimism of the post-war years." --James K. Galbraith)

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Book SynopsisThe goal of antitrust advocates is to increase the role of competition, assure that competition works in the interests of consumers, and challenge abuses of concentrated economic power in the American and world economy. Antitrust policies were first enacted during the great robber baron era of American economic history. Men such as Rockefeller and Carnegie were forced to split up their companies that monopolised the oil and steel industries of America. Ever since that time antitrust policies have worked to avoid similar situations. These policies cannot always be effective because of developing circumstances. This book presents studies of different antitrust policies and how they adapt to a rapidly changing economic landscape.

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Book SynopsisThis defining and original book explores the history of monopoly power and of its relation to competition, focusing on the innovative contributions of the Italian Marginalists ? Pareto, Pantaleoni, De Viti de Marco and Barone. Manuela Mosca analyses their articulate vision of competition, and the structural and strategic entry barriers considered in their works to enrich existing literature on the history of the sources of market power. The book is not limited to the reconstruction of the elaboration of pure theory, it also highlights its policy implications and how this group applied their theories as cutting-edge experiments in analysing the labour market, socialism, the Great War and gender issues, against the background of the political situation of the period.Monopoly Power and Competition is a vital resource for historians of economic thought, as it explores a relatively untouched area of microeconomics in historical perspective, and reveals the theories surrounding monopoly power and competition. Microeconomists and industrial organisation scholars would similarly benefit from the knowledge of the origins of many microeconomic tools and notions.Trade Review'Manuela Mosca has worked on the role of monopoly power in the history of economic analysis for the last twenty years. This book contains the upshot of her meticulous and insightful studies of how the problem was dealt with, the focus of attention being on four major Italian authors, Pareto, Pantaleoni, De Viti de Marco and Barone, co-founders of the Marginalist school of economics. However, the investigation is not limited to the development of pure theory, it treats also its policy implications and the way these were effectuated against the background of the contemporary political situation. The book contains solid analytical reconstructions, an illuminating politico-historical discourse and is a pleasure to read.' --Heinz D. Kurz, University of Graz, Austria'This book is an invaluable vaccine against the tendency, all too common in some economic circles, to identify ''competition'' with the classroom model of perfectly competitive markets. Mosca highlights the classical economists' vision of competition as an ongoing process, not an equilibrium state, explains the both the importance of potential competition in the classical framework and the way the concept of barriers to entry shapes modern views on the competition process. Her discussion makes clear the central place of vibrant Italian economic scholarship in developing these ideas.' --Stephen Martin, Purdue University, US'Manuela Mosca offers a fascinating portrait of the generation of economic ideas through interaction among four gifted theorists and friends: Pareto, Pantaleoni, de Viti de Marco, and Barone. These four theorists set forth a unique approach to competition and monopoly, and that approach maps nicely onto the growing interest in social complexity.' --Richard E. Wagner, George Mason University, USTable of ContentsContents: Introduction 1. The sources of monopoly power in the history of economic thought 2. The universal force of competition 3. Monopoly power: competition is never perfect 4. Monopoly power, competition and reality 5. The concept of the state and economic policy Conclusions References Name Index

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Book SynopsisThis extraordinary book proposes a new theory of colonization and of its economic effects in leading to continued underdevelopment of formerly colonized countries. It brilliantly attributes those effects to a simple source: colonial monopolization that systematically affected consumers, labor, and related industries, creating a structure of domination that continues today. The book is comparable to Thomas Piketty's best-selling Capital in the 21st Century, but substantially goes beyond and is deeper than Piketty because it explains the economic and structural forces leading to increasing inequality. The book also shows that these same forces are affecting modern economies which will inhibit development into the future. It should be read by all interested in the economic and social effects of colonialism as well as by all interested in the economic future of the world.'- George L. Priest, Yale Law School, US'This bold, original and learned book proposes what might be termed a global, interdisciplinary theory of poverty. It identifies the cause of under-development of impoverished economies in the structural concentration of economic power inherited from their colonial past, then goes on to show how various fields of knowledge (economics, but also law, philosophy and the social sciences) still work today to support the same monopolistic socio-economic structures. Drawing lessons from this analytical framework, it offers a series of ideas for transformative action. In this respect, it provides highly instructive - if sobering - reading while also offering a remarkable methodological model for future research on issues which might be described as global justice.'- Horatia Muir Watt, Sciences Po, Paris, FranceThis ambitious analysis is centered on the evolution of economic structures in colonized economies, showing the effects of these structures on today's global reality for all economies, whether they are considered 'developed or 'underdeveloped.'With a comprehensive scope encompassing economic structures and their influence on the growth of nations from past to present, Calixto Salomão Filho delves into issues of development, economic structures, social problems, monopolies, globalization, and poverty. This book features a unique combination of economic and legal analysis of development, including the examination of underdevelopment trends based on monopoly growth and the triple drain effects of monopolies on national economies. The result is an illuminating study of historical restriction and exploitation and its impact on present day markets around the world.Monopolies and Underdevelopment will capture the interest of scholars and readers of the economic theory of development, economic history of underdeveloped countries, and law and development; as well as those involved in Latin American and South Asian studies, international comparative law, and legal history.Trade Review‘This extraordinary book proposes a new theory of colonization and of its economic effects in leading to continued underdevelopment of formerly colonized countries. It brilliantly attributes those effects to a simple source: colonial monopolization that systematically affected consumers, labor, and related industries, creating a structure of domination that continues today. The book is comparable to Thomas Piketty’s best-selling Capital in the 21st Century, but substantially goes beyond and is deeper than Piketty because it explains the economic and structural forces leading to increasing inequality. The book also shows that these same forces are affecting modern economies which will inhibit development into the future. It should be read by all interested in the economic and social effects of colonialism as well as by all interested in the economic future of the world.’ -- George L. Priest, Yale Law School, US‘This bold, original and learned book proposes what might be termed a global, interdisciplinary theory of poverty. It identifies the cause of under-development of impoverished economies in the structural concentration of economic power inherited from their colonial past, then goes on to show how various fields of knowledge (economics, but also law, philosophy and the social sciences) still work today to support the same monopolistic socio-economic structures. Drawing lessons from this analytical framework, it offers a series of ideas for transformative action. In this respect, it provides highly instructive – if sobering – reading while also offering a remarkable methodological model for future research on issues which might be described as global justice.’ -- Horatia Muir Watt, Sciences Po Law School, FranceTable of ContentsContents: Introduction: From Colonial Past to Global Reality Part I The “March of Acceptance”: Economic Power in the History of Ideas 1. The Philosophical View 2. The Economic View 3. The Legal View Part II Monopolies and the History of Capitalism 1. Colonial Monopoly and Underdevelopment 2. Industrialization and Continuity of Monopolistic Structures 3. Internationalization of Economic Relations and the Internationalization of Monopolies Part III - Conclusion: The End or Beginning of History? Index

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Book SynopsisIn Pharmanomics, investigative journalist Nick Dearden digs down into the way we produce our medicines and finds that Big Pharma is failing us, with catastrophic consequences.Big Pharma is more interested in profit than health. This was made clear as governments rushed to produce vaccines during the Covid pandemic. Behind the much-trumpeted scientific breakthroughs, major companies found new ways of gouging billions from governments in the West while abandoning the Global South. But this is only the latest episode in a long history of financialising medicine - from Purdue's rapacious marketing of highly addictive OxyContin, through Martin Shkreli's hiking the price of a lifesaving drug, to the 4.5 million South Africans needlessly deprived of HIV/AIDS medication.Since the 1990s, Big Pharma has gone out of its way to protect its property through the patent system. As a result, the business has focused not on researching new medicines but on building monopolies. This system has helped restructure our economy away from invention and production in order to benefit financial markets. It has fundamentally reshaped the relationship between richer and poorer countries, as the access to new medicines and the permission to manufacture them is ruthlessly policed. In response, Dearden offers a pathway to a fairer, safer system for all.Trade ReviewNick Dearden's book is about the structural foundations of a global market in life-saving medicines. A market dependent on taxpayer subsidies, but designed to strip both rich and poor governments of the power to improve health. An essential read for those that care about saving lives, and that want the system changed. -- Ann Pettifor, author of A Case for the Green New Dealbrings together detailed investigative research with lessons from the frontlines of the fight for access to medicines. It exposes a global apartheid in which a few mostly white male Pharma bosses make billions while billions of people are left without essential medicines. It exposes how the problem of medical monopolies is not a few rule-breakers but the rules themselves. Most crucially, it shows how the system which put profits over people's lives was man-made, and how through collective action people can unmake it, for everyone's health. -- Winnie Byanyima, UNAIDS Executive Director and United Nations Under-Secretary-GeneralCarefully researched ... Despite the depressingly familiar story of greedy, rapacious capitalism, this is a hopeful book. -- Mike Phipps * Labour Hub *Authoritative, detailed, practical and written with passion ... inspiring -- Clare Sansom * East Anglia Bylines *A fascinating account of the evolution of Big Pharma into a profit-hungry monster that destructively distorts a major component of the world's healthcare systems . an enormously useful book. * Counterfire *Table of ContentsIntroduction: Bad Apples1. A History of Scandal2. A Hedge Fund with a Pharmaceutical Firm Attached3. It Was Greed, My Friends4. The Pandemic Begins5. Recolonising the Global Economy6. The Hospital That Became a Trading Floor7. A New Hope8. Reach for the Moon

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Book Synopsis'Timely and important.' -- Joseph E. Stiglitz 'Tim Wu helps shape an urgent new global conversation.' -- Shoshana ZuboffWe're three decades into a global experiment: what happens when the major nations of the world weaken their control on the size and power of corporate giants and allow unrestricted expansion?In The Curse of Bigness, Tim Wu exposes the threats monopolies pose to economic stability and social freedom around the world. Aided by the globalization of commerce and finance, in recent years we have seen takeovers galore that make a mockery of the ideals of competition and economic freedom. Such is the 'curse of bigness': stifled entrepreneurship, stalled productivity, dominant tech giants like Facebook and Google, and fewer choices for consumers. Urgent and persuasive, this bold manifesto argues that we need to rediscover the anti-monopoly traditions that brought great peace and prosperity in the past.Trade ReviewShort and sharp... an excellent primer for anyone who wants to understand why corporate wealth and power have grown so concentrated... and why that might be a problem for democracy. * Financial Times *Admirably concise and punchy. * The Times *Mr. Wu writes with elegance, conviction, knowledge - and certitude. * Wall Street Journal *Timely and important... Wu makes an urgent and persuasive case. * Joseph E. Stiglitz *With The Curse of Bigness Tim Wu helps shape an urgent new global conversation on market democracy, reviving the critical role of governments in curbing corporate power. * Shoshana Zuboff, author of The Age of Surveillance Capitalism *Original, provocative and stimulating. * Timothy Garton Ash *As Tim Wu argues in The Curse of Bigness, global economic concentration is now at levels unseen in more than a century - since the early days of industrial capitalism... Wu manages to make this brisk and impressively readable overview of the subject vivid and compelling. * Washington Post *It's a big idea for a little book, but Wu knows how to keep everything concise and contained. The Curse of Bigness moves nimbly through the thicket, embracing the boons of being small. * New York Times *Tim Wu has pulled off an incredible feat - he's written a short, compelling book on antitrust... Persuasive and brilliantly written, the book is especially timely given the rise of trillion-dollar tech companies. * Publishers Weekly *Sweeping in scope, The Curse of Bigness is probably the best popular account of the history of American antitrust law and policy. It captures the stakes in the battle for antitrust - and it cuts to the heart of one of the central questions of our time: can democracy survive? * New Republic *Tim Wu writes books that make a big impact. * Guardian *Table of Contents0: Introduction 1: Where Our Path Has Led 2: The Lost Lessons of the Second World War 3: The Anti-Monopoly Tradition 4: Peak Anti-Monopoly 5: The Tech Explosion of the 1980s and 1990s 6: Neoliberalism's Triumph 7: The Problem of Global Monopoly 8: The Rise of the Tech Giants 9: Conclusion: Breaking Up Global Economic Power

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Book SynopsisOn the Foundations of Monopolistic Competition and Economic Geography presents important work by B. Curtis Eaton and Richard G. Lipsey on product differentiation, including studies of spatial differentiation and the industrial structures that give rise to this phenomenon.The book opens with an introductory overview essay and explains why the authors reject the neoclassical, competitive vision of the economy. The essays included cover issues such as: the theory of multinational plant location, product differentiation, monopoly, models of value theory, capital with special reference to entry and exit barriers and entry equilibrium, the existence of pure profit and the theory of market pre-emption.This volume will be welcomed by academics and researchers interested in the microeconomic issues of competition, monopoly, firm behaviour and markets.Trade Review'Therefore, these four books published by Edward Elgar will be at the reference desks of all good economic libraries. In addition, the book on monopolistic competition and economic geography needs to enter all reading lists on the currently hottest topic in economics.'Table of ContentsContents: Introduction ‘Beyond Neoclassical Competitive Economics’ 1. ‘The Principle of Minimum Differentiation Reconsidered: Some New Developments in the Theory of Spatial Competition’ 2. ‘The Non-Uniqueness of Equilibrium in the Löschian Location Model’ 3. ‘The Introduction of Space into the Neoclassical Model of Value Theory’ 4. ‘Spatial Monopoly, Natural Monopoly, Pure Profits, and Land Rents’ 5. ‘A Comment on Location and Industrial Efficiency with Free Entry’ 6. ‘Freedom of Entry and the Existence of Pure Profit’ 7. ‘The Theory of Market Pre-emption: The Persistence of Excess Capacity and Monopoly in Growing Spatial Markets’ 8. ‘Comparison Shopping and the Clustering of Homogeneous Firms’ 9. ‘The Block Metric and the Law of Markets’ 10. ‘Exit Barriers are Entry Barriers: The Durability of Capital as a Barrier to Entry’ 11. ‘Capital, Commitment, and Entry Equilibrium’ 12. ‘An Economic Theory of Central Places’ 13. ‘Address Models of Value Theory’ 14. ‘Product Differentiation’ 15. ‘The Theory of Multinational Plant Location: Agglomerations and Disagglomerations’ 16. ‘Increasing Returns, Indivisibility and All That’ Name Index

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Book SynopsisThis book investigates monopoly policy in the UK from 1973-1995 using all of the monopoly cases which the Monopolies and Mergers Commission (MMC) reported on during this period. It provides a rigorous analysis of 14 detailed case studies, and focuses specifically on those cases where the MMC sought to introduce change through price controls, termination of anti-competitive practices or divestment. It assesses how effective such measures have been in combating problems such as monopoly pricing, collusion, predatory and discriminatory pricing and different forms of vertical restraint. From the evidence, the authors discuss the strengths and weaknesses of current policy and examine the scope for reform.This book will be of interest to students and researchers interested in competition policy, industrial organisation, the British economy and business strategy.Trade Review'The main strength of the book is in its innovative structure and also in methodology. In addition to the arguments provided in the book the case study approach helps raising many intricate issues relating to market structure and behaviour of firms. Many of these issues have important theoretical implications and would have been lost in the maze of econometric approach. The theoretical discussions on monopoly types preceding case studies are helpful in understanding the cases. The book will be useful to the policymakers and students of market structure and market control.'Table of ContentsContents: 1. Introduction Part I: An Overview 2. Review of UK Competition Policy in General 3. MMC Investigations of Monopoly 4. Methodology and Selection of Case Studies Part II: The Case Studies 5. Monopoly Pricing and Price Leadership 6. Collusive Practices 7. Predatory Pricing 8. Vertical Restraints Part III: Conclusions 9. An Overall Assessment of the Effectiveness of Policy 10. The Case for Reform Appendix

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Book SynopsisAn urgent and witty manifesto, Monopolies Suck “lucidly explains how monopolies threaten democracy, worsen inequality, and imperil the American Dream—and why it’s more important than ever to take action” (David Cicilline).Something’s not right. No matter how hard you work, life seems to only get harder. When your expenses keep going up but your income stays flat, when you’re price-gouged buying medicine for your child’s life-threatening allergy, when you live in a hyped-up state of fear and anxiety, monopoly power is playing a key role. In Monopolies Suck, antitrust expert and director at the Open Markets Institute, Sally Hubbard, shows us the seven ways big corporations rule our lives—and what must be done to stop them. Throughout history, monopolists who controlled entire industries like railroads and oil were aptly called “robber barons” because they extracted wealth from everyone else—and today’s monopolies are no different. By charging high prices, skirting taxes, and reducing our pay and economic opportunities, they are not only stealing our money, but also robbing us of innovation and choice, as market dominance prevents new companies from challenging them. They’re robbing us of the ability to take care of our sick, a healthy food supply, and a habitable planet by using business practices that deplete rather than generate. They’re a threat to our private lives, fair elections, a robust press, and ultimately, the American Dream that so many of us are striving for. In this “accessible guide” (Zephyr Teachout, author of Break ‘Em Up), Sally Hubbard gives us an easy-to-understand overview of the history of monopolies and antitrust law, and urges us to use our voices, votes, and wallets to protest monopoly power. Emboldened by the previous century when we successfully broke up monopoly power in the US, we have the tools to dismantle corporate power again today—before their lobbying threatens to undermine our economy and democracy for generations to come.Trade Review"A provocative call to restore economic competition by dismantling the ruling plutocracy." —Kirkus Reviews "Hubbard’s cogent, accessible analysis makes a persuasive case that unchecked monopolies have rigged the system against ordinary Americans. Policymakers and voters will want to take note." —Publishers Weekly "In this important book, Sally Hubbard explains with winning clarity, concision and humor the many ways monopolies hurt us all—and what citizens can do to combat the hydra-headed menace of concentrated corporate power." —Nancy MacLean, author of Democracy in Chains: The Deep History of the Radical Right’s Stealth Plan for America “With expertise and an engaging writing style, Sally Hubbard’s Monopolies Suck is a must read for anyone wanting to understand how monopolies endanger our pocketbooks and our democracy. The book will leave you enraged at the role monopolies play in every facet of our daily lives, but encouraged that we can, in fact, beat them." —Denise Hearn, co-author of The Myth of Capitalism: Monopolies and the Death of Competition “Sally Hubbard is a rare combination: a former antitrust enforcer who knows the law deeply and a sharp, pull-no-punches writer. In this light, accessible guide, Hubbard shows how today’s corporate giants are breaking the laws intended to protect you—and what you can do about it.” —Zephyr Teachout, author of Break ‘Em Up: Recovering Our Freedom from Big Ag, Big Tech, and Big Money “In my 20-plus years in the tech industry, I have never witnessed the scale of monopolization that exists today with dominant internet platforms. They flagrantly steal ideas, suppress innovation, and limit consumer choice. We need meaningful change—before it's too late. Sally Hubbard's book spells out these pressing threats in lucid prose that reminds us how urgently we need to act.” —Patrick Spence, CEO of Sonos “The creative community is paying a steep price in monopolized America, with millions of artists struggling to make a living under rules that prioritize Big Tech profits. Sally Hubbard lays out the case for how we fight back—and why we must.” —Don Henley, musician, songwriter, producer, and founding member of The Eagles "Antitrust law is a tool that belongs to the people, and Sally Hubbard breaks it down in a way that everyone can understand. Hubbard lucidly explains how monopolies threaten democracy, worsen inequality, and imperil the American Dream—and why it's more important than ever to take action." —David N. Cicilline "Hubbard has done the important work of relating monopolism to your daily life – the ways in which you, personally, are made worse off, every day, by unchecked corporate concentration and power...An outstanding and important read." —Cory Doctorow, bestselling author of Little Brother

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