IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-51119-4_35.html
   My bibliography  Save this book chapter

Monopolists in Product Markets

In: Adam Smith’s Lost Legacy

Author

Listed:
  • Gavin Kennedy

Abstract

Monopolies by individuals, trading companies, or by secret arrangements between groups of suppliers are by far the biggest interference in market prices. Themes on the iniquities of monopoly recur all through Wealth of Nations. Monopolies were anti-competitive and, therefore, targets for Smith’s ire. He seldom let up on them, but he made certain significant exceptions on pragmatic grounds, compromising his commitment to free competition in favour of the important practical political advantages they created in the real world (the Navigation Acts for example). These are interesting examples of Smith’s breaches of laissez faire prescriptions.

Suggested Citation

  • Gavin Kennedy, 2005. "Monopolists in Product Markets," Palgrave Macmillan Books, in: Adam Smith’s Lost Legacy, chapter 35, pages 152-154, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-51119-4_35
    DOI: 10.1057/9780230511194_35
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-51119-4_35. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.