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Posted on 08.25.08 by Thomas L. Knapp
“By taking a couple of courses in economic theory, we could immunize ourselves from nonsense spouted by politicians and pundits, but in the meantime check out Professor John R. Lott’s ‘Freedomnomics: Why the Free Market Works.’ His first chapter is ‘Are You Being Ripped Off?’ It addresses myths about predation where it’s sometimes alleged that corporations will charge below-cost prices to bankrupt their rivals and then charge unconscionable prices. There’s little or no evidence that corporations would choose predation as strategy; there are too many pitfalls.” (08/20/08) Link: http://www.humanevents.com/article.php?id=28110 Filed under: CANDi Commentary and RRND Commentary | Report Bad Link Bookmark this post in Furl or Del.icio.us | |
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