Jan Eeckhout

Jan Eeckhout, a Professor of Economics at Pompeu Fabra University, shares insights into the dramatic rise in company markups from 17% in 1980 to nearly 60% by 2020. He discusses the challenges in calculating these figures and examines how tech firms are central to this shift. The conversation highlights the detrimental impact of monopolies on innovation, revealing a concerning drop in start-up rates. Eeckhout also addresses the complexities of digital firms, navigating their dual roles in both enhancing and hindering market competition.

Jan Eeckhout, an author and economist, explores the paradox of market success in 'The Profit Paradox.' He explains how thriving firms can actually hinder job creation and exacerbate economic inequality. Eeckhout discusses the monopolistic practices of large companies and their detrimental effects on competition and innovation. He advocates for thoughtful regulation, especially in the age of AI, to promote fair competition and safeguard the labor market. Ultimately, he offers an optimistic vision for balancing economic growth with social equity.

Jan Eeckhout, an ICREA research professor at Pompeu Fabra University, discusses insights from his book, "The Profit Paradox." He explores how thriving firms can actually hurt job growth and economic equality. Eeckhout reveals the dual role technology plays in both enhancing efficiency and creating monopolies that inflate prices. He highlights the widening wage gap and stresses the need for robust antitrust regulations. Ultimately, he presents an optimistic view on fostering competition and promoting fairness to combat economic polarization.