11. Why Are Bankers Paid So Much?

Chapters in this book

1. Frontmatter i
2. Contents v
3. Preface vii
4. Introduction 1
5. Part One. The Rise of Market Power in the United States
6. 1. Why Economists Like Competition . . . and Why You Should Too 11
7. 2. Bad Concentration, Good Concentration 25
8. 3. The Rise in Market Power 45
9. 4. The Decline of Investment and Productivity 62
10. 5. The Failure of Free Entry 80
11. Part Two. The European Experience
12. 6. Meanwhile, in Europe 97
13. 7. Are US Prices Too High? 111
14. 8. How European Markets Became Free 124
15. Part Three. Political Economy
16. 9. Lobbying 151
17. 10. Money and Politics 176
18. Part Four. An In-Depth Look at Some Industries
19. 11. Why Are Bankers Paid So Much? 205
20. 12. American Health Care: A Self-Made Disaster 223
21. 13. Looking at the Stars: Are the Top Firms Really Different? 240
22. 14. To Regulate or Not to Regulate, That Is the Question 259
23. 15. Monopsony Power and Inequality 279
24. Conclusion 287
25. Appendix 299
26. Glossary 309
27. References 317
28. Acknowledgments 331
29. Index 333