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by graycat
4268 days ago
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> Economists, normally, analyse a market from the point of view of the "public interest". With this perspective in mind, self-perpetuating monopolies are almost always a bad thing (unless you believe in such things as centralized planning and dictatorships). Okay, but the more famous economists are usually at the
more famous universities which tend to have large
endowments and tend to want to get high returns and
often do this by investing in VCs who look for
monopolies that can return money enough to pay for
the professors of economics! Actually, whatever gets taught or suggested in the
classrooms, it's both common and easy enough for the
high end universities to look for and like
students who are wealthy or relatively likely to become
wealthy and make significant donations
back to the university -- no joke. Or, universities
are not against monopolies everywhere on campus! |
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