On the Changing Apparatus of Competition

We are confronted with a paradox. By any measure we choose to take the American consumer has been progressively better off over the past half-century. But in an economy bowed down by monopolistic restrictions this cannot be. How has it come about that, despite the omnipresence of oligopoly, more and...

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Veröffentlicht in:The American economic review 1954-05, Vol.44 (2), p.51-62
1. Verfasser: Robertson, Ross M.
Format: Artikel
Sprache:eng
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Zusammenfassung:We are confronted with a paradox. By any measure we choose to take the American consumer has been progressively better off over the past half-century. But in an economy bowed down by monopolistic restrictions this cannot be. How has it come about that, despite the omnipresence of oligopoly, more and more of this world's goods and services have been made available to the run of humankind?
ISSN:0002-8282
1944-7981