{"title":"Eric A Posner","description":"\u003cp\u003eDive into the legal mind of Eric A. Posner, exploring law, economics, and political thought. Provocative insights await those keen to understand the forces shaping our world. 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The consequences of the massive consolidation wave in corporate America that began decades ago are now increasingly apparent: labor markets are no longer competitive. Since the 1970s, Americans have seen income and wealth inequality skyrocket--and job opportunities stagnate. There are many theories of why this happened, including the decline of organized labor and the introduction of tax policies that favored the rich. However, another crucial event was the precipitous decline in antitrust enforcement that began in earnest during the Reagan administration. With ever-increasing combination and consolidation, workers had fewer options to turn to. In How Antitrust Law Failed Workers, Eric Posner documents the role of antitrust in our economy and why it failed. Only through reforming antitrust law can we shield workers from employers' overwhelming market power.   As Posner explains, antitrust laws were created to protect the labor market by attacking monopolies, like Facebook and Google today, that are able to either charge high prices or degrade the quality of their services because customers cannot switch to competitors. Antitrust laws are also used to attack business cartels that can fix prices. In recent years, it has become clear that firms with market power not only charge higher prices; they also suppress wages and output. Many employers use anticompetitive devices--like covenants not to compete for workers and no-poaching agreements--to advance their market power at the expense of workers.  Posner shares stories that illustrate how the problem is playing out on the ground, and then contextualizes what is going on via a concise history of the American economy and labor relations since the 1980s. 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Like an ideal market, they write, Madison's separation of powers has no central director, but it lacks the price system which gives an economy its structure; there is nothing in checks and balances that intrinsically generates order or promotes positive arrangements. In fact, the greater complexity of the modern world produces a concentration of power, particularly in the White House. The authors chart the rise of executive authority, noting that among strong presidents only Nixon has come in for severe criticism, leading to legislation which was designed to limit the presidency, yet which failed to do so. Political, cultural and social restraints, they argue, have been more effective in preventing dictatorship than any law. The executive-centered state tends to generate political checks that substitute for the legal checks of the Madisonian constitution.   Piety toward the founders and a historic fear of tyranny have been powerful forces in American political thinking. 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Among the engaging questions posed are: would the legalisation of gay marriage harm traditional married couples? is it beneficial to shame criminals? why should the law reward those who make charitable contributions? would people vote more if non-voters were penalised? The author approaches these questions using the tools of game theory, but his arguments are simply stated and make no technical demands on the reader.","brand":"WoB","offers":[{"title":"- \/ - \/ -","offer_id":51329290338577,"sku":"","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"US \/ GOOD \/ SBYB","offer_id":51329292927249,"sku":"CIN0674001567G","price":0.0,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/0674001567.jpg?v=1750743197"},{"product_id":"executive-unbound-book-eric-a-posner-9780199765331","title":"The Executive Unbound","description":"Ever since Arthur M. 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