Labor share decline and rising corporate profits

In this episode, our guest is Thomas Philippon who is a Professor of Finance at NYU Stern. We talked about his academic journey from Physics to Economics, influential economists, competition, superstar firms, concentration, and more!

13:36 Debating Market Competition

24:23 Historical Context of Superstar Firms

27:49 Impact of COVID on Market Dynamics

30:23 Market Power and Concentration: Good or Bad?

34:19 Comparative Analysis: US vs Europe

41:52 Cheezy Questions and Never Have I Ever!