The Great Reversal

A Financial Times Book of the YearA 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 JournalWhy are cell-phone plans so much more expensive in the United