Monopoly and Competition

It is often the case that the great intellects advance ideas so rich and prescient that they anticipate, in however embryonic form, ideas that are

Bastiat believed that protectionism of all kinds was evil.

Dr.

Good interview he

Russia, U.S.

This week’s eWeek features an article Micros

It’s another hot summer day and nothing cools the heat like a large cone of ice cream.

Apparently the discovery of penicillin is often trotted out as a classic case showing the importance of having the innovation-incentives of a paten

I’ve recently bemoaned the damage done to RIM, the manufacturer of the Blackberry, by

Naturally occurring monopolies do not last long. Competition emerges to upset them. The sovereignty of the individual defines the free market. The only monopolies that do persist are those maintained by government interventions.