I see my job as trying to understand what is going on in the world of economics and finance, mainly by reading the research of others, and communicating it as best I can to others. It’s a privilege of my job that I have the time to read some of the fascinating books produced by… Continue Reading
Tag Archives: monopoly
Populism then and now – EMBA elective reading 1(*)
Consider the following list of political facts: high and rising income inequality; a perception that global market forces are leaving local people powerless; anti-immigrant feelings; blaming banks and monopolistic corporations; a perception that politics is dominated by the rich; anxiety about culture and values being eroded. This might well describe the US and some European… Continue Reading
Rising monopoly power may partly explain US inequality and productivity slowdown
A new theme in explaining slow growth and productivity and rising inequality: greater monopoly power in the US. * I’ve been thinking about my forthcoming teaching for the Cambridge Advanced Leadership Programme in June, which is always an interesting session, with a lively and challenging group of delegates from across the world. I try to… Continue Reading
The hunt for a monopoly position in business
Economics students learn early in their microeconomics course that there is a desirable market condition called perfect competition, which consists of large numbers of more or less identical firms competing aggressively to meet the customer’s wants. The competition is so fierce that no firm has any ability to charge a price above the absolute minimum… Continue Reading