CRC/EPoS/MaCCI Fireside Talk on the Profit Paradox

On 19. May we welcomed Jan Eeckhout (Universitat Pompeu Fabra, Barcelona) for a Fireside Talk hosted by Martin Peitz (University of Mannheim, MaCCI).

Jan walked us through a few key points of his new book “The Profit Paradox”, in which he discusses the modern reality of few “superstar” firms benefitting from exceptional market power and contrasts it with rising prices and stagnating wages. He explained how recent technological advancements were used not to pass on higher benefits but to accrue wealth and market power in a thorough investigation of the drivers of the current economic landscape, its winners and its losers.