Monopoly and Competition

Austrian economists have a particular way of thinking about competition and the absence of competition in the form of monopoly.

Mainstream economists often claim that “market failure” is everywhere. However, when one investigates these so-called failures, one has to conclude that government intervention often is behind them.

Fallout, the dystopian series on Prime, hardly is free market in its caricature of business. However, the show lends itself to being analyzed through the lens of Austrian Economics.

Mises Institute President, Tom DiLorenzo joins Bob to discuss his early days getting into economics, and some of his important work on antitrust policy.

Too many economic commentators claim that monopolies are the cause of inflation. Austrian economic analysis shows that this is impossible.

Some are claiming that AI can make socialism workable, but even AI cannot take the place of entrepreneurial economic calculation.

Too many economic commentators claim that monopolies are the cause of inflation. Austrian economic analysis shows that this is impossible.

Some are claiming that AI can make socialism workable, but even AI cannot take the place of entrepreneurial economic calculation.

Ineffective teaching, the enrollment cliff, stifled academic discourse, and government driving up tuition.

Government attempts to limit “monopoly power” cannot improve well-being.