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.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Notes
V. I. Lenin, Imperialism, The Highest Stage of Capitalism (1916).
Joseph A. Schumpeter, Capitalism, Socialism and Democracy (New York: Harper, 1943), p. 106.
Author information
Authors and Affiliations
Editor information
Copyright information
© 1954 International Economic Association
About this chapter
Cite this chapter
Machlup, F. (1954). Monopoly and the Problem of Economic Stability. In: Chamberlin, E.H. (eds) Monopoly and Competition and their Regulation. International Economic Association Coference Numbers 1–50. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-08434-0_20
Download citation
DOI: https://doi.org/10.1007/978-1-349-08434-0_20
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-08436-4
Online ISBN: 978-1-349-08434-0
eBook Packages: Palgrave Business & Management CollectionBusiness and Management (R0)