Mises Wire
Author:
David Gordon
Online Publish Date:
to preserve the “values I articulate” will have to persuade others to follow the policies he suggests. Since realpolitik (one word, not two) means politics based on known as an economist for his work on the limitations of the neoclassical model of competitive equilibrium. Concerning the model, he says, “It is not robust---slight “market power” of monopolies rests on judging them by the standards of a perfect competition model in equilibrium. Prices charged by entrepreneurs that do not quickly