In Defense of Monopoly

K. E. Boulding

The Quarterly Journal of Economics, 1945, vol. 59, issue 4, 524-542

Abstract: Monopoly often only an attempt to solve a problem, 524. — The "classical" argument against monopoly, 525. — Its limitations, 525. — The rôle of deflation in the development of monopoly, 527. — Price flexibility and spiral effects, 530. — Wages and employment, 533. — The fear of deflation, 534. — Saving, 536. — Competition vs. deflation, 537. — Non-price competition, 538. — Advertising, 540. — Control of deflation, 540. — Other grounds for monopolistic trends, 541.

Date: 1945
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