Jonathan Tepper and Denise Hearn
The Myth of Capitalism
Monopolies and the Death of Competition
Income inequality is the outcome, not the cause, of capitalism’s dysfunction.
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.
About the Authors
Jonathan Tepper founded Variant Perception, a macroeconomic research firm where Denise Hearn heads business development.
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4 years ago
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Income inequality within nations has increased steeply since 1980. This fact has become widely accepted as an elemental “flaw” of capitalism. Economists Denise Hearn and Jonathan Tepper disagree and give a different explanation: where there is no competition, inequality grows. With getAbstract, Tepper elaborates on the topic. getAbstract: Jonathan, in his well-received book Capital in […]
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