Monopoly and Competition

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Why Perfect Competition Is not So Perfect

Monopoly and Competition

Blog02/01/2018
A large variety of products — and not a large number of market participants — is what matters for competition.
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Profit and Charity Are Not Mutually Exclusive

Monopoly and CompetitionPolitical TheoryValue and Exchange

Blog01/29/2018
In order to pursue “social justice” goals, firms must first manage to turn a profit. Otherwise, they'll disappear.
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Like Returning Gifts? Thank the Market

EntrepreneurshipMonopoly and Competition

Blog01/04/2018
For Austrians, competition entails not only vigorous price cutting, but intense competition in terms of product quality, return policies, and more.
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Stop Telling Me to "Shop Locally"

Protectionism and Free TradeMonopoly and Competition

Blog12/04/2017
Small mom-and-pop shops are overrated — but they're getting better thanks to competition from firms like Amazon.
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monopoly
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Capitalism and the Misunderstanding of Monopoly

Monopoly and Competition

Blog11/28/2017
Many of the criticisms against capitalism are connected with confusions and misunderstandings about the meaning of ‘monopoly” in the marketplace.
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Corporations Can't Oppress Us without the State's Help

Corporate WelfarePovertyU.S. HistoryMonopoly and Competition

Blog11/27/2017
Fear of a corporate takeover of our lives is based on an incorrect conflation of political and economic power.
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When Gunmen Strike, You're on Your Own

U.S. HistoryMonopoly and CompetitionPolitical Theory

Blog11/06/2017
Police took more than an hour to confront the Las Vegas shooter. And that's just one illustration of how government monopolies work.
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Without Government, Who Will Force Drivers off the Roads?

Bureaucracy and RegulationTaxes and SpendingMonopoly and Competition

Blog10/03/2017
Because the municipal government can't solve the traffic congestion problem, residents may be forced to walk, cycle, or use public transit more often.
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NCAA Violations Are Now Federal Crimes?

Legal SystemMonopoly and Competition

Blog10/02/2017
Apparently, it is now a federal criminal offense to break the rules of a private organization like the NCAA. Even when there's no victim.
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There's a Bubble in New York City Taxi Medallions

Protectionism and Free TradeMonopoly and Competition

Blog09/22/2017
Like condos in Vegas a decade ago, taxi medallions in NYC once looked like a rock-solid investment.
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