The Market Power of Technology: Understanding the Second Gilded Age Kurz Mordecai
The Market Power of Technology: Understanding the Second Gilded Age Kurz Mordecai Since the 1980s, the United States has regressed to a level of economic inequality not seen since the Gilded Age in…
Specifikacia The Market Power of Technology: Understanding the Second Gilded Age Kurz Mordecai
The Market Power of Technology: Understanding the Second Gilded Age Kurz Mordecai
Since the 1980s, the United States has regressed to a level of economic inequality not seen since the Gilded Age in the late nineteenth century. What is the relationship between economic inequality and technological change?Mordecai Kurz develops a comprehensive integrated theory of the dynamics of market power and income inequality. At the same time, technological innovation has transformed society, and a core priority of public policy has been promoting innovation.
In a free market economy with intellectual property rights, firms' control over technology enables them to expand, attain monopoly power, and earn exorbitant profits. He shows that technological innovations are not simply sources of growth and progress: they sow the seeds of market power. Competition among innovators does not eliminate market power because technological competition is different from
The Gilded Age
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