 | George J. Stigler - 1988 - 666 páginas
...or enterprise. . . . When technical conditions make a monopoly the natural outcome of coompetitive market forces, there are only three alternatives that...private monopoly, public monopoly, or public regulation. Capitalism and Freedom 28 (1962). ' Paul A. Samuelson, Economics 461 (6th rev. ed. 1964). 5Armen Alchian... | |
 | Juan Gabriel Valdes - 1995 - 358 páginas
...effects of political imperfections."63 Friedman acknowledges the polemics and states his view by saying: When technical conditions make a monopoly the natural...available: private monopoly, public monopoly, or public regulations. All those are bad so we must choose among evils. Henry Simons, observing public regulation... | |
 | Thomas W. Hazlett, Matthew Laurence Spitzer - 1997 - 280 páginas
...scholars such as Milton Friedman to judge regulation categorically ineffective in a dynamic world: When technical conditions make a monopoly the natural...concluded public monopoly would be a lesser evil. Walter Euken, a noted German liberal, observing public monopoly in German railroads, found the results so... | |
 | Kevin G. Wilson - 2000 - 344 páginas
...1962 in his book Capitalism and Freedom. He argued that when there are "technical conditions |that] make a monopoly the natural outcome of competitive...alternatives that seem available: private monopoly, or public monopoly, or public regulation. ... I reluctantly conclude that, if tolerable, private monopoly... | |
 | Eli M. Noam - 2001 - 346 páginas
...need for intervention in cases where externalities prevail, and in the case of "natural monopoly." 28 When technical conditions make a monopoly the natural...private monopoly, public monopoly, or public regulation. He writes, in a pragmatic vein, that If the technical monopoly is of a service or commodity that is... | |
 | Milton Friedman, Rose D. Friedman - 2002 - 228 páginas
...of one individual by another, the enforcement of contracts voluntarily entered into, the def1nition of the meaning of property rights, the interpretation...concluded public monopoly would be a lesser evil. Walter Eucken, a noted German liberal, observing public monopoly in German railroads, found the results so... | |
 | Bryan Caplan - 2008 - 293 páginas
...defend the impeccability of the free market. For example, his discussion of natural monopoly states: [T]here are only three alternatives that seem available:...regulation. All three are bad so we must choose among evils. ... I reluctantly conclude that, if tolerable, private monopoly may be the least of the evils.13 Friedman... | |
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The role of government just considered is to do something that the market cannot do for itself, namely, to determine, arbitrate, and enforce the rules of the game. We may also want to do through government some things that might conceivably be done through... 