Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 1376

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Author:
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 1032

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Author: United States. Congress
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 1024

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The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873)

Author:
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ISBN:
Category : Iowa
Languages : en
Pages : 900

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Author:
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ISBN:
Category :
Languages : en
Pages : 1042

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Author: Port Washington (Wis.). Common Council
Publisher:
ISBN:
Category : Port Washington (Wis.)
Languages : en
Pages : 124

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Author: United States. Superintendent of Documents
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 2868

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Author: Pioneer citizens' society. Atlanta
Publisher:
ISBN:
Category : Atlanta (Ga.)
Languages : en
Pages : 412

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Author: Richard B. McKenzie
Publisher: University of Michigan Press
ISBN: 0472901141
Category : Business & Economics
Languages : en
Pages : 554

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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. An economy is not a board game in which players compete for a limited number of properties, nor is it much like the kind of blackboard games that economists use to develop their monopoly models. As McKenzie and Lee demonstrate, the creation of goods and services in the real world requires not only competition but the prospect of gains beyond a normal competitive rate of return.

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ISBN:
Category : Banks and banking
Languages : en
Pages : 514

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