, Columnist
Monopolies Alone Don't Explain Why Stocks Soar
There are many reasons share prices can outpace U.S. economic growth.
Not the whole story.
Photographer: Scott Olson/Getty ImagesIs America becoming a nation of price-fixing, monopolistic rent extractors?
That is the question raised recently in a working paper by a trio of researchers at Brown University. This question is also working its way into the mainstream news media.
