Thomas Philippon is a professor of finance at the Stern School of Business, New York University. He is recognized for his contributions to financial economics, with research focusing on capital market dynamics and the impact of innovation on economic growth. Philippon's analyses often explore long-term trends and structural shifts within the global economy, emphasizing the benefits of technological advancement and efficient resource allocation. His work aims to provide a deeper understanding of the economic mechanisms shaping contemporary society.
"American markets, once a model for the world, are giving up on competition. Thomas Philippon blames the unchecked efforts of corporate lobbyists. Instead of earning profits by investing and innovating, powerful firms use political pressure to secure their advantages. The result is less efficient markets, leading to higher prices and lower wages."