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Capitalism is about competition (lemmygrad.ml)

submitted 2 years ago by CyberGhost@lemmygrad.ml to c/memes@lemmygrad.ml

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[–] bennieandthez@lemmygrad.ml 6 points 2 years ago (1 children)

The "perfect competition" concept (where ideal competitive markets lead to better prices and higher salaries, etc) is obsolete, i read milton Friedman debunking it funnily enough.

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[–] CyberGhost@lemmygrad.ml 2 points 2 years ago (1 children)

In which book does he do that?

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[–] bennieandthez@lemmygrad.ml 1 points 2 years ago

in some chapter of "methodology of economics".

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