How the Stewardess Lost Her Stripes
BK Marcus observes: there was a time when jetsetting playboys were pictured as having a stewardess or two on his arm. Something has changed.
Monopoly and Competition
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The Abolition of Antitrust, by Gary Hull, ed.
The authors of this important book have undertaken a twofold task. They continue the free- market criticism of antitrust legislation by Dominick Armentano and other economists who defend laissez-faire.
IP and Global Government
Stephan Kinsella has cast doubt on the legitimacy of intellectual property (PDF).
IP vs. Antitrust
In the September 2005 issue of Corporate Legal Times, the article “High Court Set To Tackle IP Tying In Antitrust Cases” discu
In Praise of Disorganized Labor
As they say in the South, writes Chris Westley, you can stick a fork in organized labor. Its implosion is a reminder that, in the long run, market forces trump state power.
9. Monopoly and Anti-Trust, Monopsony
The Austrians view is that monopoly came about as privilege, usually granted by royalty, given to a particular person or industry. This process is arbitrary and capricious. Free entry is required in capitalism. There cannot be restrictions on entry, as with doctors.
Price, quantity, profit, and deadweight loss are four criticisms of monopolies.
A Critique of Neoclassical and Austrian Monopoly Theory
One of the most controversial areas in Austrian economics, and one where even long-established Austrian theorists differ sharply, is monopoly theory.
