Monopoly: Impediment or Stimulus to Economic Progress?

P. Hennipman
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P. Hennipman: University of Amsterdam

A chapter in Monopoly and Competition and their Regulation, 1954, pp 421-456 from Palgrave Macmillan

Abstract: Abstract ON the familiar long list of the evils of monopoly there figures regularly the charge that it is a barrier to economic progress, a force making for inefficiency and stagnation. Competition, on the contrary, is usually hailed as a stimulating and invigorating force, or even an indispensable spur to the exertion on which progress depends.

Keywords: Product Innovation; Innovative Activity; Market Position; Economic Progress; Patent System (search for similar items in EconPapers)
Date: 1954
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DOI: 10.1007/978-1-349-08434-0_22

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