The Captured Economy

Explore how state action can entrench privilege and subvert market competition, leading to both a stagnating economy and sky-high inequality. Brink Lindsey and Steven M. Teles argue that regulatory barriers have shielded the powerful and privileged from competition, inflating their incomes. Learn how subsidies, excessive copyright protection, occupational licensing, and NIMBY-led land use controls have contributed to this issue. Although freeing the economy from regressive regulatory capture is difficult, the authors offer promising strategies for reform. This powerful and original interpretation of America's mounting economic problems is a must-read for anyone interested in tackling social tensions.