Monopoly and Competition

This lecture by Tom DiLorenzo was presented at the 2012 Mises University in Auburn, Alabama.  Includes an introduction by Llewellyn H.

This lecture by Mark Thornton was presented at the 2012 Mises University in Auburn, Alabama. 

Archived from the live Mises.tv broadcast, this lecture by Tom DiLorenzo was presented at the 2011 Mises University in Auburn, Alabama.

Anyone reading modern day trade agreements would not be surprised to discover that they focus less and less on reducing import duties, and more on developing national industries, promoting exports, and ensuring domestic policy space.

The NCAA ensures there is no functioning job market for athletes and no competition to which students might go seeking higher pay, writes Andrew Sy

Few topics in recent years have aroused as much interest among libertarians as intellectual property. What place, if any, would IP — patents, copyrights, trademarks and the like — have in a libertarian society?

The standard theory of monopsony originated with Joan Robinson in her The Economics of Imperfect Competition (1933). This standard theory describes employers as facing upward-sloping supply curves of labor,

Although bits and pieces of "Competition as a Discovery Procedure" began to appear in English as early as the 1970s, the translator discovered that, by the time he assumed emeritus status in 1998, no full translation of the original 1968 Kiel version was yet extant.

Cartels, characterized by activities such as simultaneous price increases or decreases, or virtual price identity at almost the same time, without explicit communications or agreements, have long been discussed. 

The substitution of a monopoly price for a competitive price is tantamount to a serious restriction of the working of the most characteristic principle of the free enterprise system, i.e., of the sovereignty  of the consumers.