The problem of explaining the prerequisites for the economic behavior of people is that their actions act only as translators of their thoughts, and in order to correctly understand this “translation”, it is necessary to master both the “language” of actions and the “language” of thoughts. To do this, you need to find out: are […]
Tag: Economist
The Protection of Monopoly in the Theories of J. Schumpeter and D.C. Galbraith
At the beginning of the XX century, the Austrian economist I. Schumpeter showed that a monopoly can be a good for society. Under certain conditions, there can be an effective monopoly and effective competition. These ideas are set forth in his works: “Capitalism, Socialism and Democracy”, “Theory of Economic Development”, etc. I. Schumpeter believed that […]