Monopoly and Competition
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.
Industrial Organization and Human Action
Published in the Cato Journal Vol. 19, No. 2, 1999.
What is Morally Right With Insider Trading?
Insider trading per se is obtaining information from non-public sources and using it for purposes of enhancing one's financial advantage. Is there anything unethical or morally wrong in this exercise?
Vertical Restraints and the Retail Free Riding Problem: An Austrian Perspective
From The Review of Austrian Economics Vol. 9, No. 1, 1996.
Firm, Money, and Economic Calculation: Considering the Institutional Nexus of Market Production, The
From the American Journal of Economics and Sociology Vol. 57, No. 4, October 1998.
National Goods versus Public Goods: Defense, Disarmament, and Free Riders
From The Review of Austrian Economics Vol. 4, 1990.
Review of You Don’t Always Get What You Pay For: The Economics of Privatization, by Elliot D. Sclar
Elliot Sclar's book You Don't Always Get What You Pay For: The Economics of Privatization presents an empirical analysis of privatization that he thinks has been lacking.
