13 Adam Smith on monopoly theory Making good a lacuna1
Neri Salvadori and Rodolfo Signorino
Original paper: Neri Salvadori and Rodolfo Signorino (2014) Adam Smith on monopoly theory. Making good a lacuna, Scottish Journal of Political Economy, 61:2, 178–195, DOI: https://doi.org/10.1111/sjpe.12040. Hoboken, New Jersey: Wiley, on behalf of the Scottish Economic Society.
13.1 Introduction
Historians of economic analysis usually acknowledge the French ingénieurs-économistes of the first half of the nineteenth century as being the forerunners of the formal theory of monopoly (Blaug, 1997a, pp. 331ff; Mosca, 1998; Ekelund and Hebert, 1999). By the same token, Adam Smith’s contribution to the subject of monopoly has ...
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