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Monopoly, Monopsony, and Elohim: A Faith and Learning Paradox

Howard Newell

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Abstract

This essay explores the relationships between: (1) the economic concepts of monopoly and monopsony and (2) certain qualities of Elohim, “the usual designation for God, . . . the Creator, the God of all gods, the transcendent One” (Dockery, p. 141). As we shall see, the pricing and quantity implications associated with the microeconomic models of monopoly and monopsony are in sharp contrast to Elohim’s perspectives on both pricing and quantity. This essay begins with and concludes with a set of thoughts on paradoxes.

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This essay explores the relationships between: (1) the economic concepts of monopoly and monopsony and (2) certain qualities of Elohim, “the usual designation for God, . . . the Creator, the God of all gods, the transcendent One” (Dockery, p. 141). As we shall see, the pricing and quantity implications associated with the microeconomic models of monopoly and monopsony are in sharp contrast to Elohim’s perspectives on both pricing and quantity. This essay begins with and concludes with a set of thoughts on paradoxes.

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Available abstract

This essay explores the relationships between: (1) the economic concepts of monopoly and monopsony and (2) certain qualities of Elohim, “the usual designation for God, . . . the Creator, the God of all gods, the transcendent One” (Dockery, p. 141). As we shall see, the pricing and quantity implications associated with the microeconomic models of monopoly and monopsony are in sharp contrast to Elohim’s perspectives on both pricing and quantity. This essay begins with and concludes with a set of thoughts on paradoxes.

Key concepts: Monopsony, Monopoly, Economics, Set (abstract data type), Faith, Microeconomics, Corollary, Neoclassical economics

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