Recent decades have seen a big shift in the balance of power in the job market away from workers and toward big employers, and it has contributed to the rise in inequality. Posner explains how antitrust policy might have helped prevent it and reduce inequality. Antitrust fights anticompetitive practices that harm consumers and it could fight anticompetitive practices in the job market that harm workers the same way. The book melds the new economic thinking on the topic with Posner's keen legal insight in an accessible way.
Eric A. Posner is Kirkland and Ellis Distinguished Service Professor of Law, University of Chicago. His most recent books are Radical Markets (with Glen Weyl), which was named a best book for 2018 by The Economist; and Last Resort: The Financial Crisis and the Future of Bailouts, which was named a best book for 2018 by The Financial Times. He is of counsel at MoloLamken LLP, a fellow of the American Academy of Arts and Sciences, and a member of the American Law Institute. He has written extensively for popular media outlets, including The New York Times, The Wall Street Journal, and The Washington Post, and testified before Congress.