Charles is close to what I said: economists say competition is good and depressions bad, but depressions are a form of the intensification of competition.
On Thu, Aug 12, 2010 at 03:58:00PM -0400, Shane Mage wrote: > > On Aug 12, 2010, at 3:46 PM, c b wrote: > > > >CB: Michael Perelman: > > > >"Most economists would say competition is good and depression is bad. > >But depression is intense competition." > > Isn't it that what most economists say is more like "government and > monopolistic restraints on competition are bad" with many adding > "but depression is worse?" > > > > > Shane Mage > > "All things are an equal exchange for fire and fire for all things, > as goods are for gold and gold for goods." > > Herakleitos of Ephesos, fr, 90 > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
