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A Financial Times Book of the Year A ProMarket Book of the Year “Superbly argued and important...Donald Trump is in so many ways a product of the defective capitalism described in The Great Reversal. What the U.S. needs, instead, is another Teddy Roosevelt and his energetic trust-busting. Is that still imaginable? All believers in the virtues of competitive capitalism must hope so.” —Martin Wolf, Financial Times “In one industry after another...a few companies have grown so large that they have the power to keep prices high and wages low. It’s great for those corporations—and bad for almost everyone else.” —David Leonhardt, New York Times “Argues that the United States has much to gain by reforming how domestic markets work but also much to regain—a vitality that has been lost since the Reagan years...His analysis points to one way of making America great again: restoring our free-market competitiveness.” —Arthur Herman, Wall Street Journal Why are cell-phone plans so much more expensive in the United States than in Europe? It seems a simple question, but the search for an answer took one of the world’s leading economists on an unexpected journey through some of the most hotly debated issues in his field. He reached a surprising conclusion: American markets, once a model for the world, are giving up on healthy competition. In the age of Silicon Valley start-ups and millennial millionaires, he hardly expected this. But the data from his cutting-edge research proved undeniable. In this compelling tale of economic detective work, we follow Thomas Philippon as he works out the facts and consequences of industry concentration, shows how lobbying and campaign contributions have defanged antitrust regulators, and considers what all this means. Philippon argues that many key problems of the American economy are due not to the flaws of capitalism or globalization but to the concentration of corporate power. By lobbying against competition, the biggest firms drive profits higher while depressing wages and limiting opportunities for investment, innovation, and growth. For the sake of ordinary Americans, he concludes, government needs to get back to what it once did best: keeping the playing field level for competition. It’s time to make American markets great—and free—again.
In Chicago's Industrial Decline Robert Lewis charts the city's decline since the 1920s and describes the early development of Chicago's famed (and reviled) growth machine. Beginning in the 1940s and led by local politicians, downtown business interest, financial institutions, and real estate groups, place-dependent organizations in Chicago implemented several industrial renewal initiatives with the dual purpose of stopping factory closings and attracting new firms in order to turn blighted property into modern industrial sites. At the same time, a more powerful coalition sought to adapt the urban fabric to appeal to middle-class consumption and residential living. As Lewis shows, the two aims were never well integrated, and the result was on-going disinvestment and the inexorable decline of Chicago's industrial space. By the 1950s, Lewis argues, it was evident that the early incarnation of the growth machine had failed to maintain Chicago's economic center in industry. Although larger economic and social forces—specifically, competition for business and for residential development from the suburbs in the Chicagoland region and across the whole United States—played a role in the city's industrial decline, Lewis stresses the deep incoherence of post-WWII economic policy and urban planning that hoped to square the circle by supporting both heavy industry and middle- to upper-class amenities in downtown Chicago.
This shortform book presents key peer-reviewed research selected by expert series editors and contextualised by new analysis from each author on how the specific field addressed has evolved. The book features contributions on the history of government-business relations, regional and local business relationships, the development and formation of Silicon Valley, and the rise and fall of the US machine tool industry after the Second World. Of interest to business and economic historians, this shortform book also provides analysis that will be valuable reading across the social sciences.
Is big business on its way out? The author shows that the big firm is alive and well and becoming more flexible and efficient. He makes the case that although smaller companies have an important role to play, long term economic growth lies with the country's largest global companies.
This new edition of the bestselling Reverse Osmosis is the most comprehensive and up-to-date coverage of the process of reverse osmosis in industrial applications, a technology that is becoming increasingly more important as more and more companies choose to "go green." This book covers all of the processes and equipment necessary to design, operate, and troubleshoot reverse osmosis systems, from the fundamental principles of reverse osmosis technology and membranes to the much more advanced engineering principles necessary for designing a reverse osmosis system. The second edition is an enhanced version of the original best seller. Each chapter has been reviewed and updated. Revised features include more detail on various pretreatment techniques such as greensand and pyrolusite pretreatment media. The design projection chapter has been edited to include up-to-date information on current projection programs. A new section on microbial fouling control featuring chlorine and alternative techniques is included to address the needs of most RO systems. Also, a discussion on forward osmosis is added as an alternative and/or companion technology to reverse osmosis for water treatment. The second edition includes all updated, basic, in-depth information for design, operation, and optimization of reverse osmosis systems. Earlier chapters cover the basic principles, the history of reverse osmosis, basic terms and definitions, and essential equipment. The book then goes into pretreatment processes and system design, then, finally, operations and troubleshooting. The author includes a section on the impact of other membrane technologies and even includes a "Frequently Asked Questions" chapter.
Industrialization supported by industrial hubs has been widely associated with structural transformation and catch-up. But while the direct economic benefits of industrial hubs are significant, their value lies first and foremost in their contribution as incubators of industrialization, production and technological capability, and innovation. The Oxford Handbook of Industrial Hubs and Economic Development adopts an interdisciplinary approach to examine the conceptual underpinnings, review empirical evidence of regions and economies, and extract pertinent lessons for policy reasearchers and practitioners on the key drivers of success and failure for industrial hubs. This Handbook illustrates the diverse and complex nature of industrial hubs and shows how they promote industrialization, economic structural transformation, and technological catch-up. It explores the implications of emerging issues and trends such as environmental protection and sustainability, technological advancement, shifts in the global economy, and urbanization.
Under the editorship of Peter J. Katzenstein, thirteen distinguished scholars from both sides of the Atlantic here provide an original interpretation of the political economy of the Bonn Republic during the forty years since its founding, and explore in particular its extraordinary capacity for accommodating change.
Drawing on the experiences of four major EC countries, this book documents the way computer technology has changed the pattern of women's work in the manufacturing sector. The sixteen contributors are leading authorities on the subject and analyse how technology has transformed employment in the clothing industry, which is still the major employer of female blue-collar workers in the EC. The contributors assess the aspects of computerisation that particularly affect women's employment opportuni- ties: flexible hours, flexible work locations and flexible specialisation. The book also contains evaluations of post-Fordism and human-centred technology, two leading issues in the debate about the applications of artificial intelligence and computer-aided technology. These essays highlight a growing polarisation in the job market and suggest training schemes which can equip women for technical and managerial employment. This is a pioneering work; so far, most of the literature on women and computerisation has focussed on office automation and data processing. Computer-aided Manufacturing and Women's Employment makes an important contribution to the fields of technology, employment, women's work, business management and trade union studies.
This book analyzes the competitive forces which dominate this major sector, and traces how the nature of competition has evolved during the last two hundred years. Through an analysis of key factors, including demand, related and supporting industries, firm strategy, structure and national rivalry, chance and government policy, the author explains how and why the locus of competitive advantage in textiles and apparel has moved from country to country, particularly in the period since 1945.
Ob Birmingham, Rotterdam oder Wolfsburg: Industriestädte haben nicht nur völlig unterschiedliche Gesichter, sie unterliegen auch einem bemerkenswerten zeitlichen Wandel. Die Autoren behandeln die Vergangenheit, Gegenwart und Zukunft der Industriestadt als europäisches Phänomen. Aus soziologischer, historischer, geografischer und medialer Perspektive erörtern sie unterschiedliche historische Modelle und Typen von Industriestädten im 19. und 20. Jahrhundert, diskutieren die Frage nach der Zukunft von monostrukturellen Industriestädten sowie mediale Repräsentationsformen industrialisierter Städte. Mit Beiträgen vonChristoph Bernhardt, Hans-Peter Dörrenbächer, Simon Gunn, Christine Hannemann, Martina Heßler, Martin Jemelka, Henry Keazor, Robert Lewis, Timo Luks, Rebecca Magdin, Jörg Plöger, Richard Rodger, Rolf Sachsse, Adelheid von Saldern, Ondrej Sevecek, Judith Thissen und Clemens Zimmermann.