Mises Daily
Author:
Joseph R. Stromberg
Online Publish Date:
of the natural sciences—a fallacy that could only reinforce retrogressive statist policies of all kinds. In many ways, Chapter Three of Kirzner’s book is the key to of monopoly is a case in point. Kirzner writes: “For the Misesian market process, ‘competition’ means simply an institutional framework characterized by freedom of and interest rates, and the like, round out the chapter. All of the foregoing have policy implications. In this discussion, we find a thorough treatment of the