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.
Monopoly and Competition
Displaying 91 - 100 of 624
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.
Corporations Can’t Oppress Us without the State’s Help
Fear of a corporate takeover of our lives is based on an incorrect conflation of political and economic power.
When Gunmen Strike, You’re on Your Own
Police took more than an hour to confront the Las Vegas shooter. And that's just one illustration of how government monopolies work.
Competition as a Discovery Procedure
Macroeconomists for many years have dismissed the role of competition as a benchmark for a healthy economy? Why?
The Myth of Natural Monopoly
Intervention-minded economists, used their newly-minted "monopoly theory" as an ex post rationale for government intervention in the marketplace.
