Mises Wire
Author:
Richard M. Ebeling
Online Publish Date:
to break them up into smaller “competitive” firms, or to regulate their pricing policies and influence the output they produce. A noticeable amount of the criticism “social” significance of this monopoly situation suggests the need for an economic policy to “correct” some “problem” with it. Or whether, instead, when looked at and Joseph A. Schumpeter, argued that the essence of the dynamic market economy is the innovative entrepreneurs who introduces the new, better, and improved products as