Adam Smith’s Rubbish Bin (TM)
Professors Bill Keep and Nancy Lasher defend the benefits of competitive markets while exposing business behaviors that just might make Adam Smith turnover in his grave. As a reminder, Smith was the 18th century philosopher whose theory of supply and demand gave us the market economy
Adam Smith’s Rubbish Bin (TM)
Competition Comes at a Price
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BKNL Productions LLC
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Season 1
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Episode 18
In this episode we describe how technology and competition drove dramatic changes in in-home entertainment. Consumers gained access and choices never before available. Now, after the “creative destruction” phase we wonder if the industry will become more concentrated and less competitive.