Monopoly and Economic Progress

John Jewkes

Chapter 9 in A Return to Free Market Economics?, 1978, pp 192-210 from Palgrave Macmillan

Abstract: Abstract In no branch of economics are there at present greater obscurities than in that which treats of monopoly. Differences of opinion are not confined to topics where judgement must always be exercised — as for example whether a monopolistically organised system is good or bad; whether monopoly is inevitable or avoidable;1 or whether the State can play an effective part in restraining monopoly. The controversies extend into fields where systematic analysis and measurement might have been expected to lead to fairly objective conclusions — whether monopoly has been increasing or decreasing in the western countries,2 and whether certain practices such as resale price maintenance,3 basing point price systems4 or price leadership are consistent with the operation of a competitive system.

Keywords: Technical Progress; Economic Progress; Creative Destruction; Resale Price Maintenance; Free Market Economic (search for similar items in EconPapers)
Date: 1978
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DOI: 10.1007/978-1-349-03542-7_9

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