New Mises Essay
Mises on monopoly prices in the new Quarterly Journal of Austrian Economics
Rothbard Speaks
The great Austrian economist, in a free-wheeling interview in the AEN.
Christmas Economics
Those who say gifts are inefficient forget the utility of the giver.
American Airlines
Attacked for giving consumers a good deal.
No Mandate
The decline in voting signals a quiet revolt against government.
Microsoft and Coercion
When did competition become a crime?
Austrian Enemy
The life and strange death of Steven Kangas.
Marxism Lives
The ten planks and American public life.
Markets and Language
The new QJAE asks: in what ways are they alike?
The Myth of Natural Monopoly
[From The Review of Austrian Economics 9 (2), 1996, pp. 43-58.]
The very term “public utility” … is an absurd one. Every good is useful “to the public,” and almost every good … may be considered “necessary.” Any designation of a few industries as “public utilities” is completely arbitrary and unjustified.
— Murray Rothbard, Power and Market
