Should-Read: If fast-food restaurants in the Susquehanna Valley have substantial monopoly power in the labor market—and it really looks like they do—what employers do not? Galbraith on labor unions as countervailing power in conditions of oligopoly did not, IMHO, go nearly far enough: Marshall Steinbaum: A tweetstorm on the recent intellectual history of monopsony: “Oh, one last thing: in… 2010… Syverson touched on the Chicago revolution in antitrust…

…and why it displaced the SCP paradigm, and he said antitrust was where the ideological right wing of economics had been most influential on policy. And I thought “that sounds fishy. Let’s put a pin in that and get back to it.” Well here we are. I’M BACK:


Brad DeLong


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