Monopoly and Competition

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Blog10/22/2007Ninos P. Malek

Here we go again with real competition being portrayed as anticompetitive. The front page of the San Jose Mercury News reads, "FTC declines to probe Intelâ€ because the head of the FTC is not moving forward with requests by Intel competitor AMD and lawmakers to look into illegal...

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Nothing New Under the Sun

U.S. EconomyU.S. HistoryEntrepreneurshipMonopoly and CompetitionValue and Exchange

Blog10/01/2007Lorenz Kraus

There's no doubt that prosperity has smiled brighter and brighter on the last four generations. My grandparents, like many newly arrived from the Hell of Central Europe, lived in the attic above their ramshackle store. Their grandchildren however ramble around in what they would consider a...

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How to Build a Railroad

Fiscal TheoryInterventionismMonopoly and Competition

Blog09/27/2007Max Raskin

Like Anthony Gregory, I agree with many of the nominees for the "Free Market Hall of Fame." Unfortunately, as Gregory notes, too many good guys are...

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Patent Damages

Legal SystemMonopoly and Competition

Blog09/27/2007Stephan Kinsella

Is that a verb or a noun? Some recent examples:

Qualcomm has been enjoined from importing chips that help conserve power in cellphones (

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Unions as Central Planning Mechanisms

Big GovernmentLegal SystemMonopoly and CompetitionProduction Theory

Blog09/24/2007Karen De Coster

Lew Rockwell on unions. One of my favorite lines from people is the one that goes, "Well, nowadays unions are awful, but the early intentions were good." The early intentions of unions were the same as the modern goals: to...

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Another Patent Tax

Taxes and SpendingInterventionismMonopoly and Competition

Blog09/20/2007Stephan Kinsella

Just when you thought taxes and patents could not get any worse: Bush's Top Economist Seeks Patent on His Own Tax Strategy (9/13/2007) reports on a patent application for a...

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Open Source Patents

Legal SystemMonopoly and Competition

Blog09/11/2007Stephan Kinsella

Some companies are engaging in very creative maneuvering around the omnipresent threat of patents. The Open Invention Network (OIN), for example (Wiki entry), is a type of...

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Sacrificing Workers on the Competition Altar

Monopoly and CompetitionProduction Theory

Blog09/04/2007Skip Oliva

The recent Whole Foods victory over the Federal Trade Commission may obscure the harsh truth that when antitrust regulators challenge a merger, the companies involved usually surrender, not fight. Among the "routine" merger reviews is...

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The Truth About Labor Day

InterventionismMonopoly and CompetitionProduction Theory

Blog09/03/2007Gary Galles

Labor Day is supposed to honor all American workers. And every year, union Labor Day rhetoric does just that. Unfortunately, it then makes the false leap to the claim that unions advance the interests of all American working men and women, not just their members. In fact, despite unions' pro-...

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Let's Bring Back the Good Old Days of English Patents

Legal SystemWorld HistoryMonopoly and Competition

Blog08/31/2007Stephan Kinsella

It's somewhat striking that modern libertarian advocates of patent rights seem blithely unaware of the utterly monopolistic, completely unlibertarian origin of "patent grants" by English monarchs. At the very least, they ought to be a...