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...
محفوظ في:
| المؤلفون الرئيسيون: | , |
|---|---|
| التنسيق: | الكتروني كتاب الكتروني |
| اللغة: | الإنجليزية |
| منشور في: |
Ann Arbor :
University of Michigan Press,
[2008]
|
| سلاسل: | Book collections on Project MUSE.
|
| الموضوعات: | |
| الوصول للمادة أونلاين: | Full text available: |
| الوسوم: |
لا توجد وسوم, كن أول من يضع وسما على هذه التسجيلة!
|
| الملخص: | 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. |
|---|---|
| وصف مادي: | 1 online resource: illustrations. |
| ردمك: | 9780472901142 |
| وصول: | Open Access |