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Forbes has a good response piece to Krugman: http://www.forbes.com/sites/timworstall/2014/10/20/paul-krugmans-error-over-amazons-market-power/ http://www.forbes
by onthedole 12y ago
Forbes has a good response piece to Krugman: http://www.forbes.com/sites/timworstall/2014/10/20/paul-krugmans-error-over-amazons-market-power/ http://www.forbes.com/sites/timworstall/2014/10/20/paul-krug...
- MarkMc 12y agoI found the Forbes article unconvincing, especially this bit: > applying the same strictures to Standard Oil would have left that company alone rather than breaking it up. And that’s a conclusion that I’m entirely happy with too. So it would have been fine far Standard Oil to take over the entire US economy as long as it reduced prices far consumers?
- WalterBright 12y agoAs Rockefeller's biography "Titan" points out, Standard Oil's market share declined throughout the period of the anti-trust trial, and Rockefeller was unable to stem the slide.