Is Market Power Destructive? An Undergraduate Assignment Using Adam Smith’s Criticisms of MonopoliesInternational Journal of Pluralism and Economics Education (2012)
This paper describes an assignment where students evaluate a current industry using Adam Smith’s arguments against monopoly power. Using Smith’s arguments, students write a paper describing whether they believe a current industry, such as the US cellular phone carrier industry, suffers from the problems Smith described in The Wealth of Nations. This assignment invites students to take ownership over a current issue while developing a deep understanding of monopolies. By using Smith’s criticisms of monopolies, students will also see that economic “truths” are complicated, even in the classic “laissez-faire” text.
- teaching methods,
- undergraduate economics,
- Adam Smith,
Citation InformationSara Gundersen. "Is Market Power Destructive? An Undergraduate Assignment Using Adam Smith’s Criticisms of Monopolies" International Journal of Pluralism and Economics Education (2012)
Available at: http://works.bepress.com/sara-gundersen/2/