Monopoly and Competition

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.

One is not intellectually free to use the neoclassical theory of the firm at one time to explain economic action, and to discard it at another.  If the theory of the firm does not apply in all explanations of firm behavior

The author explores during a lecture that all antitrust regulation is economically inefficient and morally wrong and all of it—the laws and the enforcement agencies—should be thrown out. 

Austrianism is far more receptive to business and private enterprise than Marxism, and it certainly exceeds neoclassical economics in this regard. In terms of the phenomenon with which we have been concerned

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 inflation which seems to have become endemic to much of the world, along with the perception that the prime culprits are the monopolistic issue

Given the temper of the times it was surprising that following the American Revolution there appeared proposals for national systems of education.

There are two views of monopoly within what might be called the broad Austrian camp.