In this illuminating examination of the early 21st-century economy, researchers Jonathan Tepper and Denise Hearn present a perhaps not-so-jarring idea: that, for all the focus on it today, wealth and income inequality is just a symptom of what ails capitalism rather than a root cause of its malaise. A lack of competition is the real culprit, according to the authors, who make a persuasive case that concentrated economic power stifles competition and adds to inequality. This informative text, presented in an accessible and organized manner, balances erudite explanations with lighter moments of dry wit. It offers general readers and experts alike an insightful, fresh perspective on highly topical and important economic issues.
In this summary, you will learn
- What ails capitalism today,
- How concentrated market power stifles competition and
- How to correct capitalism’s dysfunctions so that everyone can benefit.
About the Authors
Jonathan Tepper founded Variant Perception, a macroeconomic research firm where Denise Hearn heads business development.