Re: [OPE] "A Letter from John Ketch, Esq. Asserting His Right to the Necks of the Over-Grown Brokers." (1721).

Had there been 'free competition' at that time, then the South Sea Bubble would
not have happened since there would have been no South Sea Company (a
British joint stock company and state created monopoly) to begin with. In that sense, both
the Bubble itself and the Bubble Act which followed were indications that the
free competition was a bourgeois fantasy (an ideal). Later, it became enshrined
as a myth which is not even accurate as a 'stylized fact'.
 
In solidarity, Jerry
                                               

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Received on Sat Apr 16 09:01:35 2011