Background
Bishop, Robert Lyle was born on June 4, 1916 in St. Louis. Son of Lyle Austin and Helen (Craden) Bishop.
- Photos
- Works
- Photos
- Works
Other Work
Cornered: The New Monopoly Capitalism and the Economics of Destruction
(A manifesto for our times. —Thomas Frank, Wall Street Jou...)
A manifesto for our times. —Thomas Frank, Wall Street Journal Barry C. Lynn, one of the most original and surprising students of the American economy, paints a genuinely alarming picture: most of our public debates about globalization, competitiveness, creative destruction, and risky finance are nothing more than a cover for the widespread consolidation of power in nearly every imaginable sector of the American economy. Cornered strips the camouflage from the secret world of twenty-first-century monopolies-neofeudalist empires whose sheer size, vast resources, and immense political power enable the people who control to direct virtually every major industry in America in an increasingly authoritarian manner. Lynn reveals how these massive juggernauts, which would have been illegal just thirty years ago, came into being, how they have destroyed or devoured their competition, and how they collude with one another to maintain their power and create the illusion of open, competitive markets. A confluence of small government zealotry and misguided efficient market theories has lead to a complete dismantling of government oversight of industry. Has that brought us the promised economic utopia? Just the opposite. For decades, the dominant elite has used the federal government to all but encourage companies to buy one another up, outsource all their production, and make their profits by leveraging their complete power over the market itself. Lynn makes clear it will take more than a lawsuit or two to overthrow America's corporatist oligarchy and restore a model of capitalism that protects our rights as property holders and citizens, and the independence of our Republic. Details how regular citizens can join together to beat the great powers, and how to do so by relearning the real history and language of our democratic republic. Includes stories of real people and real industries that show how monopolies threaten independent businesses, squelch innovation, degrade the quality and safety of products, destabilize vital industrial and financial systems, and destroy the fabric of democracy Explores monopoly power across a wide array of industries, including appliances, auto parts, beer, eyeglasses, medical supplies, pet food, surfboards, vitamins, and more. Demonstrates how the drive for ""always lower prices"" makes your job disappear, puts your small business out of business, and turns dreams of entrepreneurial success into impossible fantasies Lynn is that rarest of creatures, a journalist whose theoretical writings are taken very seriously by the top policymakers and economic thinkers in Washington and around the world. His work has been compared already to John Kenneth Galbraith and Peter Drucker. The Washington Post called Lynn's last book-on globalization-""Tom Friedman for grownups."" Cornered is essential reading for anyone who cares about America and its future. A manifesto for our times. —Thomas Frank, Wall Street Journal Barry C. Lynn, one of the most original and surprising students of the American economy, paints a genuinely alarming picture: most of our public debates about globalization, competitiveness, creative destruction, and risky finance are nothing more than a cover for the widespread consolidation of power in nearly every imaginable sector of the American economy. Cornered strips the camouflage from the secret world of twenty-first-century monopolies-neofeudalist empires whose sheer size, vast resources, and immense political power enable the people who control to direct virtually every major industry in America in an increasingly authoritarian manner. Lynn reveals how these massive juggernauts, which would have been illegal just thirty years ago, came into being, how they have destroyed or devoured their competition, and how they collude with one another to maintain their power and create the illusion of open, competitive markets. A confluence of small government zealotry and misguided efficient market theories has lead to a complete dismantling of government oversight of industry. Has that brought us the promised economic utopia? Just the opposite. For decades, the dominant elite has used the federal government to all but encourage companies to buy one another up, outsource all their production, and make their profits by leveraging their complete power over the market itself. Lynn makes clear it will take more than a lawsuit or two to overthrow America's corporatist oligarchy and restore a model of capitalism that protects our rights as property holders and citizens, and the independence of our Republic. Details how regular citizens can join together to beat the great powers, and how to do so by relearning the real history and language of our democratic republic. Includes stories of real people and real industries that show how monopolies threaten independent businesses, squelch innovation, degrade the quality and safety of products, destabilize vital industrial and financial systems, and destroy the fabric of democracy Explores monopoly power across a wide array of industries, including appliances, auto parts, beer, eyeglasses, medical supplies, pet food, surfboards, vitamins, and more. Demonstrates how the drive for ""always lower prices"" makes your job disappear, puts your small business out of business, and turns dreams of entrepreneurial success into impossible fantasies Lynn is that rarest of creatures, a journalist whose theoretical writings are taken very seriously by the top policymakers and economic thinkers in Washington and around the world. His work has been compared already to John Kenneth Galbraith and Peter Drucker. The Washington Post called Lynn's last book-on globalization-""Tom Friedman for grownups."" Cornered is essential reading for anyone who cares about America and its future.
http://www.amazon.com/gp/product/0470928565/?tag=2022091-20
The Endless Crisis: How Monopoly-Finance Capital Produces Stagnation and Upheaval from the USA to China
(The days of boom and bubble are over, and the time has co...)
The days of boom and bubble are over, and the time has come to understand the long-term economic reality. Although the Great Recession officially ended in June 2009, hopes for a new phase of rapid economic expansion were quickly dashed. Instead, growth has been slow, unemployment has remained high, wages and benefits have seen little improvement, poverty has increased, and the trend toward more inequality of incomes and wealth has continued. It appears that the Great Recession has given way to a period of long-term anemic growth, which Foster and McChesney aptly term the Great Stagnation. This incisive and timely book traces the origins of economic stagnation and explains what it means for a clear understanding of our current situation. The authors point out that increasing monopolization of the economy—when a handful of large firms dominate one or several industries—leads to an over-abundance of capital and too few profitable investment opportunities, with economic stagnation as the result. Absent powerful stimuli to investment, such as historic innovations like the automobile or major government spending, modern capitalist economies have become increasingly dependent on the financial sector to realize profits. And while financialization may have provided a temporary respite from stagnation, it is a solution that cannot last indefinitely, as instability in financial markets over the last half-decade has made clear. The days of boom and bubble are over, and the time has come to understand the long-term economic reality. Although the Great Recession officially ended in June 2009, hopes for a new phase of rapid economic expansion were quickly dashed. Instead, growth has been slow, unemployment has remained high, wages and benefits have seen little improvement, poverty has increased, and the trend toward more inequality of incomes and wealth has continued. It appears that the Great Recession has given way to a period of long-term anemic growth, which Foster and McChesney aptly term the Great Stagnation. This incisive and timely book traces the origins of economic stagnation and explains what it means for a clear understanding of our current situation. The authors point out that increasing monopolization of the economy—when a handful of large firms dominate one or several industries—leads to an over-abundance of capital and too few profitable investment opportunities, with economic stagnation as the result. Absent powerful stimuli to investment, such as historic innovations like the automobile or major government spending, modern capitalist economies have become increasingly dependent on the financial sector to realize profits. And while financialization may have provided a temporary respite from stagnation, it is a solution that cannot last indefinitely, as instability in financial markets over the last half-decade has made clear.
http://www.amazon.com/gp/product/158367313X/?tag=2022091-20
Robert Lyle Bishop
Robert Lyle Bishop was American economist, educator. Member American Economic Association, Econometric Society, American Academy Arts and Sciences, Phi Beta Kappa.
Education
AB, Harvard, 1937; Master of Arts, Harvard, 1942. Doctor of Philosophy, Harvard, 1949. Postgraduate, Princeton, 1939.
Career
Instructor economics Harvard, 1939-1942. Member faculty Massachusetts Institute of Technology, since 1942, successively instructor, assistant professor, associate professor, 1942-1957, professor economics, 1957-1986, professor economics emeritus, since 1986, head department economics and social science, 1958-1965. Dean School Humanities and Social Sciences, 1964-1973.
Visiting lecturer Harvard. Visiting professor Brandeis University.
Works
Other Work
-
The Endless Crisis: How Monopoly-Finance Capital Produces Stagnation and Upheaval from the USA to China
(The days of boom and bubble are over, and the time has co...)
-
Cornered: The New Monopoly Capitalism and the Economics of Destruction
(A manifesto for our times. —Thomas Frank, Wall Street Jou...)
-
The Endless Crisis: How Monopoly-Finance Capital Produces Stagnation and Upheaval from the USA to China
Views
Demand theory and consumer’s surplus. Monopolistic competition — market classification and welfare aspects. Bargaining theory as applied to both bilateral monopoly and oligopoly.
Miscellaneous problems of micro-equilibrium involving taxes, vertical relationships, factor demand and monopsony. Critiques of Smith, Ricardo and Marx.
Membership
Member American Economic Association, Econometric Society, American Academy Arts and Sciences, Phi Beta Kappa.
Connections
Married Joan Frances Fiss, September 12, 1942 (deceased).
- Father:
- Lyle Austin Bishop
- Mother:
- Helen (Craden) Bishop
- Spouse:
- Joan Frances Fiss
