In Defense of Monopoly : How Market Power Fosters Creative Production /
In Defense of Monopoly offers an unconventional but empirically grounded argument in favor of market monopolies. Authors McKenzie and Lee claim that conventional, static models exaggerate the harm done by real-world monopolies, and they show why some degree of monopoly presence is necessary to maxim...
Đã lưu trong:
| Những tác giả chính: | , |
|---|---|
| Định dạng: | Điện tử eBook |
| Ngôn ngữ: | Tiếng Anh |
| Được phát hành: |
Ann Arbor :
University of Michigan Press,
[2008]
|
| Loạt: | Book collections on Project MUSE.
|
| Những chủ đề: | |
| Truy cập trực tuyến: | Full text available: |
| Các nhãn: |
Không có thẻ, Là người đầu tiên thẻ bản ghi này!
|
| Tóm tắt: | In Defense of Monopoly offers an unconventional but empirically grounded argument in favor of market monopolies. Authors McKenzie and Lee claim that conventional, static models exaggerate the harm done by real-world monopolies, and they show why some degree of monopoly presence is necessary to maximize the improvement of human welfare over time. Inspired by Joseph Schumpeter's suggestion that market imperfections can drive an economy's long-term progress, In Defense of Monopoly defies conventional assumptions to show readers why an economic system's failure to efficiently allocate its resources is actually a necessary precondition for maximizing the system's long-term performance: the perfectly fluid, competitive economy idealized by most economists is decidedly inferior to one characterized by market entry and exit restrictions or costs. |
|---|---|
| Mô tả vật lý: | 1 online resource: illustrations. |
| số ISBN: | 9780472901142 |
| Truy cập: | Open Access |