OnPoint Subscriber Exclusive
Longer Reads provide in-depth analysis of the ideas and forces shaping politics, economics, international affairs, and more.
Is Techno-Monopoly Inevitable?
Given the need to reward those who risk time and money on unproven ventures and ideas, there is often a tension between encouraging innovation and preventing monopolization in capitalist economies. The question is how to strike a proper balance in the face of immensely powerful technological and market dynamics.
https://prosyn.org/8WWcfLu
CAMBRIDGE – The detective in a typical British crime procedural would say that Mordecai Kurz “has got form.” An emeritus professor at Stanford University, Kurz received his doctorate in economics from Yale University more than 60 years ago. In 1970, he co-authored a book with Kenneth J. Arrow, a soon-to-be Nobel laureate in economics and among the greatest cross-over mathematician-social scientists ever.