Fundamentals of Economic Analysis: A Causal-Realist Approach

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8. Competition and Monopoly

  • Fundamentals of Economic Analysis
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Etiquetas Introducción a la Economía AustriacaMonopolio y Competencia

06/15/2007Peter G. Klein

Competition can mean rivalry or freedom. All firms must serve the preferences of consumers in order to exist. Monopoly has historically been an artificial privilege granted by the state.

Monopolies do not last for long in free markets unless maintained by government interventions. Antitrust policies were generally not demanded by consumers, but created by jealous competitors. Antitrust laws are insensible and wasteful.

The eighth in a series of ten lectures, from Fundamentals of Economic Analysis: A Causal-Realist Approach.

8. Competition and Monopoly | Peter G. Klein

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Contact Peter G. Klein

Peter G. Klein is Carl Menger Research Fellow of the Mises Institute and W. W. Caruth Chair and Professor of Entrepreneurship at Baylor University's Hankamer School of Business.

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