Nobel Winner Jean Tirole’s Faulty Views on Monopoly
Economics Nobel Prize winner Jean Tirole still clings to the old neoclassical model "perfect competition" and monopoly, writes Frank Shostak.
Other Schools of Thought
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Military Socialism
There’s a long history of comparing market competition to warfare.
Could the ‘Taylor Rule’ Have Prevented the Housing Bubble?
Tom Woods and Mateusz Machaj discuss the problem with John Taylor's rule for monetary policy.
An Austrian Economist Reports From a Mainstream Economics Conference
Christopher Westley reports from this year’s National Association of Business Economists Convention.
An Austrian Economist Reports From a Mainstream Economics Conference
Christopher Westley reports from this year's National Association of Business Economists Convention. He finds that the mainstream's intellectual blinders are firmly in place, and that the “fatal conceit” Friedrich Hayek wrote about in 1988 is alive and well in 2014.
Money and Socialism
How is socialism related to money? Money should be produced just like other goods through free markets. Central banks should not be controlling money, banking and credit.
An Examination of Key Factors in the Collapse of the Soviet Union
The Henry Hazlitt Memorial Lecture, sponsored by James M. Rodney, presented at the Austrian Economics Research Conference.
States, Cartels, and the Anarcho-Capitalist Opposition
If, for good reason, we generally distrust the concentrated power wielded by coercive monopolies, we ought to avoid at all costs placing more power in the state, the ultimate embodiment of monopoly.
Tax Cuts Are Only for the Powerful
Politicians tell us that tax cuts aren't necessary for economic growth. But when a politically-powerful company offers to move to town and hire people, the politicians fall all over themselves to offer a tax cut. Ordinary business owners, meanwhile, get no such offers.
