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Against Monopoly

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Abstract

The point of a governed economy is to ensure that the big numbers of macroeconomic performance add-up satisfactorily. Previous chapters have shown how these adding-up goals can be met despite the loss of microeconomic elasticity that is responsible for present poor performance.

‘If you owe $1000, your bank manager has you in his power. If you owe $1,000,000, you have your bank manager in your power.’

J. M. KEYNES

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© 1984 Tim Hazledine

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Hazledine, T. (1984). Against Monopoly. In: Full Employment without Inflation. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-17697-7_19

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