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Time to hit the economics text books There are definitely economics textbooks that agree with me on this. I know of at least one off the top of my head. Ultim
by javert 14y ago
Time to hit the economics text books
There are definitely economics textbooks that agree with me on this. I know of at least one off the top of my head.
Ultimately, we have to look at reality to determine the truth.
- nowarninglabel 14y agoAnd those books are...? I've got a copy of Macroeconomics by Mankiw sitting over here that says you're wrong. So does the consensus on wikipedia http://en.wikipedia.org/wiki/Monopoly http://en.wikipedia.org/wiki/Monopoly and to get right down to it Adam Smith, when writing of monopolies in Wealth of Nations, has a different definition than you as well.
- javert 14y ago[1] is the book I had in mind. I think it's pointless to argue about it in that way, though. If you can think of a supposed example (or more than one) of a monopoly that doesn't derive from government power, I'll either explain to you why that's not the case, or concede the point. I scanned at the list of examples on Wikipedia briefly, and didn't find any "free market monopolies." [1] http://www.amazon.com/Capitalism-Treatise-Economics-George-Reisman/dp/0915463733 http://www.amazon.com/Capitalism-Treatise-Economics-George-R...