Monopoly and Competition

Opponents of employment-at-will speak of defending an employee's "individual freedom." Arthur Foulkes argues that this isn't freedom at all.

On the face of it, who can object to the Supreme Court's decision that permits wine consumers to buy directly from out-of-state wineries? This is just the free market at work. The state laws that prohibited the practice were nothing but a legal leftover from prohibition days and a mercantilist privilege granted to politically powerful distributors who thought only of their monopoly.

In March of 2004 Microsoft was fined a record $648 million by the European Commission for exercising its (alleged) monopoly power in the operating systems market.

Recorded at the 2005 Austrian Scholars Conference, Mises Institute, Auburn, Alabama.

Recorded at the 2005 Austrian Scholars Conference, Mises Institute, Auburn, Alabama.  

In its current form Freddie Mac is a mercantilist company, and as such, it is not a good example of free enterprise, write Paul Cleveland and Michael Tucker.

The term Austrian will include people like Shumpeter and Morgenstern. Competition is seen as a state of affairs of perfect knowledge and equilibrium by mainstream economists. This fails to provide explanations as to how those market prices have been achieved.

Let us grant that patents encourage innovation; Stephan Kinsella still wants to know: at what cost?

European antitrust regulators have taken the worst of American antitrust "analysis," argues DT Armentano, and made it even worse.

The oft-heard tale about the sad plight of labor as versus capital is almost entirely false, writes Thomas Woods, author of a new book on American history.