Monopoly and Competition

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.

Government involvement accounts for the internet's continuing problems, while the market should get the credit for its glories.

The following edited comments are excerpted from a recent email discussion with Walter Block and one of his correspondents, a Philosophy Professor

I don’t mean to pick on the US Postal Service, but I must admit to a strong (but not yet clinical) obsession with monopolies — especially tho

I suspected as much!

There I stood with 8 olive pits in my cheek, talking to the checkout lady at the grocery store as she waved my half-pound container of antipasto ov

Writes George Reisman: What the UAW has done, on the foundation of coercive, interventionist labor legislation, is bring a once-great company to its knees.