{"id":23794,"date":"2021-04-22T08:51:00","date_gmt":"2021-04-22T08:51:00","guid":{"rendered":"https:\/\/eces.org.eg\/?p=23794"},"modified":"2023-08-29T09:23:16","modified_gmt":"2023-08-29T09:23:16","slug":"the-profit-paradox","status":"publish","type":"post","link":"https:\/\/eces.org.eg\/en\/the-profit-paradox\/","title":{"rendered":"The Profit Paradox"},"content":{"rendered":"\n<p><strong>Overview*<\/strong><\/p>\n\n\n\n<p><strong>A pioneering account of the surging global tide of market power\u2014and how it stifles workers around the world<br><\/strong>In an era of technological progress and easy communication, it might seem reasonable to assume that the world\u2019s working people have never had it so good. But wages are stagnant and prices are rising, so that everything from a bottle of beer to a prosthetic hip costs more. Economist Jan Eeckhout shows how this is due to a small number of companies exploiting an unbridled rise in market power\u2014the ability to set prices higher than they could in a properly functioning competitive marketplace. Drawing on his own groundbreaking research and telling the stories of common workers throughout, he demonstrates how market power has suffocated the world of work, and how, without better mechanisms to ensure competition, it could lead to disastrous market corrections and political turmoil.<br>A provocative investigation into how market power hurts average working people, The Profit Paradox also offers concrete solutions for fixing the problem and restoring a healthy economy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Overview* A pioneering account of the surging global tide of market power\u2014and how it stifles workers around the worldIn an era of technological progress and easy communication, it might seem reasonable to assume that the world\u2019s working people have never had it so good. But wages are stagnant and prices are rising, so that everything [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23800,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[70],"tags":[],"class_list":["post-23794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-selected-books"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Profit Paradox - ECES<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/eces.org.eg\/en\/the-profit-paradox\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Profit Paradox - ECES\" \/>\n<meta property=\"og:description\" content=\"Overview* A pioneering account of the surging global tide of market power\u2014and how it stifles workers around the worldIn an era of technological progress and easy communication, it might seem reasonable to assume that the world\u2019s working people have never had it so good. 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