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And 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.wiki

And 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...