Not disagreeing, but monopoly pricing has also caused excessed capacity, by restricting demand.
In my IP book and in my new Pathology book, I try to make the case that we have a 2 tier economy. Cars, food, etc. are commodities with low profit margins. Goods with IP protection are monopoly-like and make huge margins. Trademarks allow for huge mark-ups. Paul knows how much the farmer gets out of the food dollar. Very little. On Mon, Feb 18, 2002 at 07:20:37PM -0800, Devine, James wrote: > > what's kept inflation low in the US has been low oil prices, low raw > > material prices in general, and the high dollar. > > JDevine > > > > And the excess capacity in manufacturing world wide that has > increased competition and prevented the excercize of monopoly > pricing. > > right. > Jim D. > -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]
