Description

Book Synopsis
Offers an unconventional argument in favor of market monopolies. This book claims that conventional, static models exaggerate the harm done by real-world monopolies, and shows why some degree of monopoly presence is necessary to maximize the improvement of human welfare over time.

In Defense of Monopoly

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    A Hardback by Dwight R. Lee, Dwight R. Lee

    £48.97

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      Book details

      Publisher The University of Michigan Press
      Published 2/28/2008 12:00:00 AM
      ISBN-13 9780472116157
      978-0472116157
      ISBN-10 0472116150
      Also in:
      Economic systems and structures

      Description

      Book Synopsis
      Offers an unconventional argument in favor of market monopolies. This book claims that conventional, static models exaggerate the harm done by real-world monopolies, and shows why some degree of monopoly presence is necessary to maximize the improvement of human welfare over time.

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