Concept
Monopoly
Overview
market structure with a single firm dominating the market
Overview adapted from Wikipedia (CC BY-SA 4.0; see the article history for authors).
Possible passages
Found by search and not yet checked by a person; they may only mention the idea in passing.
This double effect of drawing capital from all other trades, and of raising the rate of profit somewhat higher than it otherwise would have been in all trades, was not only produced by this monopoly upon its first establishment, but has continued to be produced by it ever since. First, This monopoly has been continually drawing capital from all other trades, to be employed in that of the colonies. Though the wealth…
Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations
Names Monopoly several times; opens on Monopoly.
The monopoly of the colony trade, as it necessarily drew towards that trade a greater proportion of the capital of Great Britain than what would have gone to it of its own accord, so, by the expulsion of all foreign capitals, it necessarily reduced the whole quantity of capital employed in that trade below what it naturally would have been in the case of a free trade. But, by lessening the competition of capitals in…
Adam Smith, An Inquiry Into the Nature and Causes of the Wealth of Nations
Names Monopoly several times; opens on Monopoly.
On the other hand it may be noted that the individualist of the second sort--who believes in the competitive struggle as a moral process--has no ground on which to declare for "open shop." Exactly the same principle which would permit combination in capital and place no limit on competitive pressure, provided it is all done through free contracts, can raise no objection against combinations of laborers making the…
John Dewey, Ethics
Close in meaning to Monopoly; the term itself is not named.
Related ideas
- Armenia
- French Revolution
- Greek language
- Republic of Ireland
- Politics (Aristotle)
- South Africa
- Infrastructure
- Ethiopia
- Indian subcontinent
- Boston
- Kingdom of France
- Thales of Miletus
- Aristotle
- Supreme Court of the United States
- Sahara
- United States
- East India Company
- Tang dynasty
- Competition (economics)
- Donald Trump
- Philadelphia
- Copyright
- New York City
- The Wealth of Nations
Place in the tradition
Part of Liberalism.