The Profit Paradox
How Thriving Firms Threaten the Future of Work
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The Profit Paradox
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Narrated by:
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Zeb Soanes
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By:
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Jan Eeckhout
About this listen
This audiobook narrated by Zeb Soanes offers 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 are rising, so that everything from a bottle of beer to a prosthetic hip costs more. Economist Jan Eeckhout shows how this is due to a small number of companies exploiting an unbridled rise in market power - the ability to set prices higher than they could in a properly functioning competitive marketplace. Drawing on his own groundbreaking research and telling the stories of common workers throughout, he demonstrates how market power has suffocated the world of work, and how, without better mechanisms to ensure competition, it could lead to disastrous market corrections and political turmoil.
The Profit Paradox describes how, over the past 40 years, a handful of companies have reaped most of the rewards of technological advancements - acquiring rivals, securing huge profits, and creating brutally unequal outcomes for workers. Instead of passing on the benefits of better technologies to consumers through lower prices, these “superstar” companies leverage new technologies to charge even higher prices. The consequences are already immense, from unnecessarily high prices for virtually everything, to fewer start-ups that can compete, to rising inequality and stagnating wages for most workers, to severely limited social mobility.
A provocative investigation into how market power hurts average working people, The Profit Paradox also offers concrete solutions for fixing the problem and restoring a healthy economy.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
Download the accompanying reference guide.©2021 Jan Eeckhout (P)2021 Princeton University PressListeners also enjoyed...
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- Length: 9 hrs and 35 mins
- Unabridged
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Overall4.5 out of 5 stars 56
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Performance4.5 out of 5 stars 46
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Story4.5 out of 5 stars 45
Economics isn't just about numbers: It's about politics, psychology, history, and so much more. We are all economists - when we work, save for the future, invest, pay taxes, and buy our groceries. Yet many of us feel lost when the subject arises. Award-winning professor Timothy Taylor here tackles all the key questions and hot topics of both microeconomics and macroeconomics, so you can understand and discuss economics on a personal, national, and global level.
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5 out of 5 stars
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Timothy Taylor is the best
- By Jake on 02-15-15
By: Timothy Taylor
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The Great Reset
- How New Ways of Living and Working Drive Post-Crash Prosperity
- By: Richard Florida
- Narrated by: Eric Conger
- Length: 6 hrs and 49 mins
- Unabridged
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Overall4 out of 5 stars 130
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Performance4 out of 5 stars 80
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Story4 out of 5 stars 78
We tend to view prolonged economic downturns, such as the Great Depression of the 1930s and the Long Depression of the late 19th century, in terms of the crisis and pain they cause. But history teaches us that these great crises also represent opportunities to remake our economy and society and to generate whole new eras of economic growth and prosperity.
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1 out of 5 stars
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glorification of City Life
- By Anonymous User on 11-25-20
By: Richard Florida
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Capitalism in America
- A History
- By: Alan Greenspan, Adrian Wooldridge
- Narrated by: Ray Porter
- Length: 16 hrs and 14 mins
- Unabridged
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Overall4.5 out of 5 stars 983
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Performance5 out of 5 stars 833
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Story4.5 out of 5 stars 831
From the legendary former Fed Chairman and the acclaimed Economist writer and historian, the full, epic story of America's evolution from a small patchwork of threadbare colonies to the most powerful engine of wealth and innovation the world has ever seen.
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1 out of 5 stars
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Explains a lot
- By Scott on 02-18-19
By: Alan Greenspan, and others
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The Zero Marginal Cost Society
- The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism
- By: Jeremy Rifkin
- Narrated by: David Cochran Heath
- Length: 14 hrs and 15 mins
- Unabridged
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Overall4 out of 5 stars 426
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Performance4.5 out of 5 stars 370
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Story4 out of 5 stars 367
In this provocative new book, Rifkin argues that the coming together of the Communication Internet with the fledgling Energy Internet and Logistics Internet in a seamless twenty-first-century intelligent infrastructure—the Internet of Things—is boosting productivity to the point where the marginal cost of producing many goods and services is nearly zero, making them essentially free.
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2 out of 5 stars
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Not a convincing argument-just stories & ideology
- By Pierre Parent on 07-26-17
By: Jeremy Rifkin
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The Company
- A Short History of a Revolutionary Idea [Modern Library Chronicles]
- By: John Micklethwait, Adrian Wooldridge
- Narrated by: Jonathan Davis
- Length: 6 hrs and 46 mins
- Unabridged
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Overall3.5 out of 5 stars 149
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Performance4 out of 5 stars 72
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Story4 out of 5 stars 69
In The Company, the largely unknown history of the joint-stock company is presented by the editors of Economist. One of history's greatest catalysts, the joint-stock company has dramatically changed the way human beings live, work, and conduct business. With companies now affecting the world on a global scale, it is more pressing than ever before to understand this driving force.
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4 out of 5 stars
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unique history with a unique perspective
- By Anonymous User on 10-31-05
By: John Micklethwait, and others
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AI Superpowers
- China, Silicon Valley, and the New World Order
- By: Kai-Fu Lee
- Narrated by: Mikael Naramore
- Length: 9 hrs and 28 mins
- Unabridged
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Overall4.5 out of 5 stars 4,342
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Performance4.5 out of 5 stars 3,673
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Story4.5 out of 5 stars 3,671
In AI Superpowers, Kai-fu Lee argues powerfully that because of these unprecedented developments in AI, dramatic changes will be happening much sooner than many of us expected. Indeed, as the US-Sino AI competition begins to heat up, Lee urges the US and China to both accept and to embrace the great responsibilities that come with significant technological power.
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3 out of 5 stars
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Compelled to listen at 2x speed
- By LEE on 09-26-18
By: Kai-Fu Lee
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Equal Is Unfair
- America's Misguided Fight Against Income Inequality
- By: Don Watkins, Yaron Brook
- Narrated by: Jeff Cummings
- Length: 9 hrs and 8 mins
- Unabridged
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Overall4.5 out of 5 stars 620
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Performance4.5 out of 5 stars 566
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Story4.5 out of 5 stars 567
We've all heard that the American Dream is vanishing, and that the cause is rising income inequality. The rich are getting richer by rigging the system in their favor, leaving the rest of us to struggle just to keep our heads above water. To save the American Dream, we're told that we need to fight inequality through tax hikes, wealth redistribution schemes, and a far higher minimum wage.
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3 out of 5 stars
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While I agree with most of this book,...
- By Wayne on 12-30-16
By: Don Watkins, and others
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Adrift
- America in 100 Charts
- By: Scott Galloway
- Narrated by: Scott Galloway
- Length: 3 hrs and 15 mins
- Unabridged
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Overall4.5 out of 5 stars 338
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Performance4.5 out of 5 stars 292
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Story4.5 out of 5 stars 291
We are only just beginning to reckon with our post-pandemic future. As political extremism intensifies, the great resignation affects businesses everywhere, and supply chain issues crush bottom lines, we’re faced with daunting questions—is our democracy under threat? How will Big Tech change our lives? What does job security look like for me? America is on the brink of massive change—change that will disrupt the workings of our economy and drastically impact the financial backbone of our nation: the middle class.
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5 out of 5 stars
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Quick & Informative
- By Anonymous User on 10-06-22
By: Scott Galloway
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How Asia Works
- Success and Failure in the World's Most Dynamic Region
- By: Joe Studwell
- Narrated by: Nigel Patterson
- Length: 11 hrs and 46 mins
- Unabridged
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Overall4.5 out of 5 stars 470
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Performance4.5 out of 5 stars 374
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Story4.5 out of 5 stars 374
In How Asia Works, Joe Studwell distills extensive research into the economics of nine countries - Japan, South Korea, Taiwan, Indonesia, Malaysia, Thailand, the Philippines, Vietnam, and China - into an accessible narrative that debunks Western misconceptions, shows what really happened in Asia and why, and for once makes clear why some countries have boomed while others have languished.
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5 out of 5 stars
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The best economic development book I’ve ever seen
- By Anonymous User on 02-17-20
By: Joe Studwell
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The Complacent Class
- The Self-Defeating Quest for the American Dream
- By: Tyler Cowen
- Narrated by: Walter Dixon
- Length: 7 hrs and 39 mins
- Unabridged
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Overall4 out of 5 stars 299
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Performance4.5 out of 5 stars 254
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Story4 out of 5 stars 253
Since Alexis de Tocqueville, restlessness has been accepted as a signature American trait. Our willingness to move, take risks, and adapt to change have produced a dynamic economy and a tradition of innovation from Ben Franklin to Steve Jobs. The problem, according to legendary blogger, economist, and best-selling author Tyler Cowen, is that Americans today have broken from this tradition - we're working harder than ever to avoid change.
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5 out of 5 stars
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MUST READ
- By Anonymous User on 05-06-17
By: Tyler Cowen
What listeners say about The Profit Paradox
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Anonymous User
- 12-09-21
Great listen!
Fascinating and useful perspective on what has become conventional wisdom regarding competition in markets, and regarding how much it matters. A shorter version for broader consumption might benefit the public debate greatly!
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