The date on my book keeps slipping. It looks like the date is now the middle of next month.
Gene's remark about Galbraith's agricultural background might sound flippant, but there is a strong streak of farmer populism that is highly critical of markets. On Mon, May 08, 2006 at 12:32:39PM -0700, Eugene Coyle wrote: > I'm not too clear anymore what "increasing returns to scale" is > (Michael's book on railroads has yet to turn up at my bookstore). I > think the concept of overhead costs is a clearer way to thing about what > drives monopoly and why it is beneficial, and the necessity of price > fixing. And why USA farming gets $25 billion a year in federal money to > cover overhead costs. > Maybe it was easy for Galbraith to be heterodox because he was a farmer. > -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu
