EVENT - The Profit Paradox : How market power shapes inequality and growth
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In the context of the new course "Using Economic Tools to Solve Global Challenges", Guilhem Cassan and Amma Panin are pleased to invite you to a special lecture by Professor Jan Eeckhout on his book, The Profit Paradox, which explores the rise of market power in the modern economy and its consequences for wages, inequality, and economic growth.
In The Profit Paradox, Professor Eeckhout examines how large firms' increasing dominance has led to soaring profits but stagnant wages, widening inequality, and lower economic dynamism. His analysis provides insights into the paradox that while corporate success should benefit the broader economy, excessive market power is eroding competition and worker prosperity.
Join us for what promises to be an engaging and thought-provoking discussion. We look forward to seeing you there.
The lecture will take place on 31 March from 12:45 to 14:00 in SOCR 40.
Jan Eeckhout is the ICREA Research Professor of Economics at Pompeu Fabra University (UPF) in Barcelona. His research focuses on the macroeconomic implications of market power, labor markets, and urban economics. He is the author of "The Profit Paradox," a book examining how dominant firms impact the future of work. His scholarly work has been published in leading economics journals and featured in prominent media outlets such as The Economist, The Wall Street Journal, the Financial Times, The New York Times, and Bloomberg. Professor Eeckhout has held academic positions at institutions including the University of Pennsylvania, University College London, and Princeton University, and is a fellow of the Econometric Society, the European Economic Association, and Academia Europaea.