Solow seems to have no conception of human action as a process of plan coordination, although he uses Austrian-sounding language at one point in discussing "coordination failure" in the marketplace.
Contestability theory makes a case that the pricing behavior of a multi-product natural monopolist is disciplined by the threat of entrepreneurial entry.
This paper explains how grants of monopolistic privileges to capitalists can lower labor and land factors’ prices compared to what would prevail in a free market environment.
The resourceful antitrust community has simply gone ahead and reinvented itself by developing several new theories and an entirely new approach to evidence.
The goal of our inquiry here is to add weight to the Rothbardian critique of Mises’s theory of monopoly prices. We do so by highlighting the inconsistencies of the latter’s treatment
Butler Shaffer's well-written monograph, In Restraint of Trade, describes in extensive detail why and how most businessmen pleaded for the government to tame them between the end of World War I and the eve of World War II.
In neoclassical theory, product differentiation provides consumers with a variety of different products within a particular industry, rather than a homogeneous product that characterizespurely competitive markets.
This article provides a new synthesis between the strategic management literature and Austrian capital theory. The resource allocation process plays out in the context of differing subunit preferences
Rothbard realizes that the economy is not competitive, that it is shot through with elements of monopoly. The left-wing Chamberlinians used this as a beautiful handle to combine with the Marxists
Most economists would, given the opportunity, offer some proposal to reform antitrust policy. Some would contend that this or that aspect of antitrust law should be eliminated or more weakly enforced.
