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Monopoly and the Problem of Economic Stability

In: Monopoly and Competition and their Regulation

Author

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  • Fritz Machlup

    (The Johns Hopkins University)

Abstract

THERE are those who think that monopoly has one thing in common with the weather: you may complain but you cannot do anything about it. A few do not even complain about monopoly, but find many good things to say about it. On the other side are those who are in a constant state of agitation about the evils of monopoly and call for a mobilization of all political forces against it. In the middle are the judicious ones, together with the meek, the placid, and the indolent.

Suggested Citation

  • Fritz Machlup, 1954. "Monopoly and the Problem of Economic Stability," International Economic Association Series, in: Edward H. Chamberlin (ed.), Monopoly and Competition and their Regulation, pages 385-397, Palgrave Macmillan.
  • Handle: RePEc:pal:intecp:978-1-349-08434-0_20
    DOI: 10.1007/978-1-349-08434-0_20
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    Cited by:

    1. Pattit, Jason M. & Pattit, Katherina G. & Spender, J C, 2021. "Edith T. Penrose: Economist of "The Ordinary Business of Life"," MPRA Paper 106375, University Library of Munich, Germany.

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