Monopoly and the Problem of Economic Stability

Fritz Machlup
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Fritz Machlup: The Johns Hopkins University

A chapter in Monopoly and Competition and their Regulation, 1954, pp 385-397 from Palgrave Macmillan

Abstract: Abstract THERE are those who think that monopoly has one thing in common with the weather: you may complain but you cannot do anything about it. A few do not even complain about monopoly, but find many good things to say about it. On the other side are those who are in a constant state of agitation about the evils of monopoly and call for a mobilization of all political forces against it. In the middle are the judicious ones, together with the meek, the placid, and the indolent.

Keywords: Wage Rate; Durable Good; Price Reduction; Wage Rigidity; Investment Incentive (search for similar items in EconPapers)
Date: 1954
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-08434-0_20

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DOI: 10.1007/978-1-349-08434-0_20

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