Jan loeys biography

Make Your Own List. Power corrupts and corporate power is no exception: its effects are bad for consumers, bad for workers and bad for the economy. Here, Belgian American economist Jan Loeys recommends books that look at the economic and political implications of 'market concentration,' and explains why we don't need governments that are pro-business but ones that are pro-market.

Interview by Sophie Roell , Editor. All these books are about market concentration or market power, and the movement by governments and countries to control market power. None of them can get powerful and dominant and you get low prices for the consumer. The other extreme is what we call a monopoly, when there is only one provider.

Jan loeys biography: Jan Loeys is a.

That company will try to maximize its profits and that means much higher prices. They will sell a lot less and hire fewer people. Then you have all the gradations in between: a duopoly, which is two, an oligopoly from ancient Greek is a few suppliers. The argument is that the more producers and sellers we have, and the greater the potential for entry, the moment one company charges too much, a new one will come into the market and compete these profits away.