Erik Peinert — Monopoly Politics: Price Competition, Learning, and the Evolution of Policy Regimes

Monopoly Politics traces how government policies towards competition and monopoly have evolved in the United States and France over the 20th century, helping to understand why American and international markets are today monopolized by an ever-narrowing group of companies. Using insights from microeconomics, bureaucratic politics, sociology, psychology, and law, it provides a theory of long-term policy and institutional change, based on the interaction of changing economic beliefs, staff turnover within the state, and the accumulating economic costs of unsustainable policy regimes.

Leveraging tens of thousands of original archival documents in the United States and France, Monopoly Politics shows how established, committed policymakers frequently ignore new economic information about the costs of pro-competition or pro-monopoly policy. Accordingly, government policy changes only gradually over time through the replacement of these policymakers with non-committed policymakers who are willing to reconsider their economic beliefs and the existing policy arrangements.

From the United States’ adoption of aggressive anti-monopoly policies in the 1930s and later scaling back of those policies in the 1970s, to the French government’s adoption of a pro-monopoly industrial policy in the 1960s and its later scaling back in the 1980s, Monopoly Politics covers the inner policy debates of key shifts in the twentieth century across different arenas such as antitrust, intellectual property, trade, and industrial policy.”

ABOUT THE SPEAKER

Erik Peinert is an assistant professor of Political Science at Boston University. His research focuses on the political economy of advanced industrial states and the politics of economic policymaking. Prior to Boston University, he was a research manager at the American Economic Liberties Project, and he has had had research affiliations with the Rhodes Center for International Finance at Brown University, Johns Hopkins SAIS, the Center for European Studies at Sciences Po in Paris, and the Max Planck Institute for European Legal History. Peinert earned his PhD in political science at Brown University. Receive SMS online on sms24.me

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