Stiglitz Is Wrong About Marginal Pricing

In a recent piece called “Monopoly’s New Era,” professor Joseph Stiglitz has divided the long history of economic thought into two camps explaining the distribution of income: those who believe in competitive markets and those who believe in “market power.” The former tradition evolved into explaining incomes in terms of marginal prices, whereas the latter is focused on explaining two real world problems: rising inequality and higher concentrati

What is Activism?

The late Murray Rothbard was known as an uncompromising libertarian theorist. But he was also an activist and strategist, and wrote several articles, essays, and memos on the topic of advancing libertarianism. I’m happy to report that some of his previously unpublished work on strategy will be released later this year by the Mises Institute, and will be edited by no less than Rothbard’s biographer Justin Raimondo.

Regarding tactics, Rothbard advocated a two-prong approach :

Daniel Sánchez-Piñol

Daniel is a postdoctoral research assistant with the Probasco Distinguished Chair of Free Enterprise at the Uni

Pawel Nowakowski

Paweł Nowakowski is an Assistant Professor at the University of Wrocław and an Associated Scholar of the Mises