The Profit Paradox

By Jan Eeckhout,

Book cover of The Profit Paradox: How Thriving Firms Threaten the Future of Work

Book description

A pioneering account of the surging global tide of market power-and how it stifles workers around the world

In an era of technological progress and easy communication, it might seem reasonable to assume that the world's working people have never had it so good. But wages are stagnant and prices…

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Why read it?

1 author picked The Profit Paradox as one of their favorite books. Why do they recommend it?

This book addresses another highly charged topic, the exorbitant profits of tech and internet giants. The focus is on the consequences of the huge profits on competition, economic policy, and society at large. 1% of the world’s largest companies reap 36% of global so-called economic profit, that is the profit that exceeds the cost of capital. The book, which is punctuated with juicy examples, is very didactic as well as rigorous, and will appeal not only to those versed in economics but to the enlightened public in general. It is, however, not a book on how to manage profit, but…

From Hermann's list on how to manage profit and survive.

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