7 Lessons Business Owners Can Learn from Austrian Economics
As Mises knew, economics "concerns everyone and belongs to all" — and this definitely includes business owners.
Monopoly and Competition
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How the Postal Service Loses So Much Money
Donald Trump is wrong. Amazon isn't ruining the postal service. The postal service can do that all by itself.
Competition and Political Entrepreneurship: Austrian Insights into Public-Choice Theory
Applying Austrian economics to the study of public choice theory expands our knowledge of government institutions.
Economists and the Emergence of Antitrust
Economists who believe that there was once a "golden age of antitrust" have never produced any evidence of such an age.
Gustave de Molinari and The Anti-statist Liberal Tradition, Part 2
Molinari's most original contribution to political and economic thought is his thesis that the market can provide the service of police protection.
Why Perfect Competition Is not So Perfect
A large variety of products — and not a large number of market participants — is what matters for competition.
Profit and Charity Are Not Mutually Exclusive
In order to pursue “social justice” goals, firms must first manage to turn a profit. Otherwise, they'll disappear.
Like Returning Gifts? Thank the Market
For Austrians, competition entails not only vigorous price cutting, but intense competition in terms of product quality, return policies, and more.
Stop Telling Me to “Shop Locally”
Small mom-and-pop shops are overrated — but they're getting better thanks to competition from firms like Amazon.
Capitalism and the Misunderstanding of Monopoly
Many of the criticisms against capitalism are connected with confusions and misunderstandings about the meaning of ‘monopoly” in the marketplace.
