Too Many Companies Drain Value from the Economy

Re:Too Many Companies Drain Value from the Economy by dredmorbius on Wednesday July 03, 2019 @09:04PM (#20350613)

And they're somewhere between wrong and disingenuous to do so, though it's an awfully common trope.

Contrast the treatment of monopoly in Marshall's Principles (the leading text from the 1880s through the 1940s) -- a full chapter, plus numerous other mentions -- with, say, Hazlitt's One Lesson, where it escapes mention entirely, save a note at the end. Hazlitt's book is corporate propaganda.

https://archive.org/details/in.ernet.dli.2015.217841/page/n5...

https://archive.org/details/in.ernet.dli.2015.217841/page/n9...

https://fee.org/resources/economics-in-one-lesson/ 9full text in one page)

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Re:Too Many Companies Drain Value from the Economy by Gibbon1 on Wednesday July 03, 2019 @09:38PM (#20350775)

I think Martin Gardner when writing about bad science roughly said unless there are strong countervailing forces orthodoxy eventually becomes a reflection of cultural biases. I feel modern economics is if anything about generating obsequious corporate propaganda.

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Re:Too Many Companies Drain Value from the Economy by dredmorbius on Wednesday July 03, 2019 @10:03PM (#20350892)

That tendency goes way back. To the point of coopting anticorporate texts as corporate propaganda, such as Wealth of Nations.

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