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RT Book, Whole SR Electronic DC OPAC T1 In defense of monopoly : how market power fosters creative production / Richard B. McKenzie and Dwight R. Lee A1 McKenzie, Richard B., A1 Lee, Dwight R., YR 2008 FD [2008] SP 1 online resource (xxi, 297 pages) K1 Electronic books K1 Economics K1 political economy K1 market monopoly K1 public policy K1 Monopolies K1 Production (Economic theory) K1 Monopolies K1 Business & Economics / Economics / Theory K1 Monopolies K1 Production (Economic theory) K1 Monopoles K1 Production PB University of Michigan Press PP Ann Arbor SN 9780472126286 SN 0472126288 SN 9780472901142 SN 0472901141 LA English (英語) CL DC22:338.8/2 NO In Defense of Monopoly offers an unconventional but empirically grounded argument in favor of market monopolies. Authors McKenzie and Lee claim that conventional, static models exaggerate the harm done by real-world monopolies, and they show why some degree of monopoly presence is necessary to maximize the improvement of human welfare over time. Inspired by Joseph Schumpeter's suggestion that market imperfections can drive an economy's long-term progress, In Defense of Monopoly defies conventional assumptions to show readers why an economic system's failure to efficiently allocate its resources is actually a necessary precondition for maximizing the system's long-term performance: the perfectly fluid, competitive economy idealized by most economists is decidedly inferior to one characterized by market entry and exit restrictions or costs NO Open Access NO Includes bibliographical references (pages 273-288) and index NO digitized 2010 HathiTrust Digital Library NO Description based on print version record NO Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010 NO Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002 NO 書誌ID=ED00004331; LK [E Book]https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=2149359 OL 30