Eric Posner is Kirkland and Ellis Distinguished Service Professor of Law, University of Chicago. His research interests include financial regulation, antitrust law, and constitutional law. He has written a dozen books and more than a hundred academic articles on law and legal theory. His most recent books are Radical Markets (Princeton) (with Glen Weyl), which was named a best book for 2018 by The Economist; Last Resort: The Financial Crisis and the Future of Bailouts (Chicago), which was named a best book for 2018 by The Financial Times; and The Twilight of Human Rights Law (Oxford). His latest book, How Antitrust Failed Workers, will be published by Oxford in 2021. 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.
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With growing momentum behind efforts to reform and strengthen US antitrust enforcement, a decades-long trend toward increasing market concentration may soon be confronted head-on. But enforcement alone will not cure what ails the US economy—especially not when US consumers themselves are smitten (...)
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Recent economic research indicates that labor markets tend to be highly concentrated, and that employers use mergers, no-poaching agreements, and related collusive behavior to further concentrate labor markets and exploit labor market power at the expense of workers. In the United States, this (...)
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