between rich and poor people, and advocates for the participation of the local

Mainstream monopoly theory and as related to anti-trust measures evaluates the concentration of an industry to determine if a firm has monopoly power within an industry (Cabral 2000 [2017]). If a firm is dominant within an industry, then it is presumed that consumer surplus is being reduced at...

The study of the relationship between copyright and creativity is a core research program in the field of cultural economics (Weber 2017, Bille etal. 2020). Another part of the canon is that artists gain psychic income from moral rights when a work of art is identified with its creator, whereas...

Creative Destruction is the name Joseph Schumpeter gave to a significant change in technology which dislodges old technological monopolies into new technology and which leads to increasing economic growth and higher standards of living. This paper proposes that the current New Economy, or the...

In this paper we use the classical equation of exchange to illustrate the two channels into which monetary expansion can be realized: in the real economy as employment creation or in asset markets as appreciations. Cantillon effects can help us to understand the asset market channel and how this...