In Capitalism, Socialism and Democracy Joseph A. Schumpeter concluded that socialism would eventually displace capitalism in Western democracies. This would come about as a result of the superior performance of capitalism. We extract six ”stylized” propositions that are essential elements of Schumpeter’s prediction about the fate of capitalism. These propositions are confronted with the develop...

the mass production of silk and its importance as goods exportable and strategic caused its monopoly by the shah-abbas i (996-1038 a.h.) and then the recruitment of the armenians merchants in his monopoly. therefore, the question is what function had the three related factors (silk, monopoly politics and armenians) in safavids economy and politics. for a careful investigation, after a review of...

introduction one of the limitations of tissue conditioners (tc) is gradual hardening of the material in a short time period after insertion in the mouth, due to the loss of their viscoelastic properties. the aim of this study was to determine the softness of two different tissue conditioners with and without the monopoly coating. methods and materials in this experimental study, acropars and vi...

It would do no justice to a review of the Republic of China’s centennial development if focus is cast exclusively on the ROC’ early period on the Chinese mainland, the authoritarian era in Taiwan, or the two decades after democratization. This article attempts to provide a broad overview of the century of the Republic by putting the ROC’s three developmental stages in a theoretical framework, p...

We examine the intersection of patents and antitrust where a patent holder uses the monopoly power it possesses in the market for a patented product to exclude competitors in an adjacent market and attempt to monopolize or monopolize the adjacent market. The present scheme for awarding patents cannot judge when the issuance of a patent will lead to the appropriate balance between innovation and...

The standard monopoly pricing problem is re-considered when the buyer’s type (e.g. age, income, experience) can be credibly disclosed at some cost. In the optimal sales mechanism with costly disclosure, the seller posts a “sticker price” available to any buyer, as well as a schedule of discounts available to those who disclose certain types. Unambiguous welfare implications are available in the...