all the free market but rather, from beginning to end, destructionist government policy, in large part inspired by environmentalist fanaticism. Assertions, such at power plants, and would quickly be plunged into unprofitability if exposed to the competition of other types of power plants, investors have been unwilling to invest
has been acquired by such means as obtaining government subsidies or preventing competition through protective tariffs and other forms of government intervention. are made possible to the extent that the government is permitted to depart from a policy of strict laissez-faire and thereby arbitrarily reward or punish firms. Apart
rather than the actual, rational right to medical care as the basis of various policies it has adopted over the years. Seen in this light, the origins of the the services of these willing providers. It is both a violation of the freedom of competition of those providers and, by the same token, the bestowal of a monopoly force against others, coupled with a willingness to serve it by such means. Such a policy is irrational and ultimately self-destructive. Indeed, its
worthwhile to OPEC. Indeed, it is implicit that had the United States pursued a policy of economic freedom with respect to energy production over the last thirty we have created for OPEC to the extent that our laws and regulations prohibit the competition of American energy producers; second, the fact that the economic policies
relative performance of different individuals cooperating together under economic competition and the pursuit of individual self-interest. Under capitalism, as the the coming to the fore of doctors who are content to be mere tools of government policy; it also accompanies the general economic decline that results from related
in order to arrive at a rational judgment of its nature. Destructionist government policy has increasingly restricted the supply of electric power in California and few or no new coal, oil, or hydroelectric power plants built. Indeed, government policies have caused existing plants of these types to be dismantled. In California, to operate, and would quickly be plunged into unprofitability if exposed to the competition of other types of power plants. Moreover, the government-caused
the only factor operative. (Lower prices would be necessary in order to derive competitive advantage from the lower costs and the mergers that produced them. Absent open up that use its price would have to be substantially lower. Our government’s policy of preventing the increase in the supply of oil, atomic power, coal, and
by the terms on which they are willing to sell. Rather, it is determined by the competition of the buyers for the limited supply offered for sale. This, of course, which prevail when the government imposes such a shortage by virtue of a policy of price and wage controls. In such conditions, employers actually conspire
classical doctrines on saving made possible the acceptance of Keynesianism and the policy of inflation, deficits, and ever expanding government spending. In similarly about the same time lag, to the promulgation of the doctrines of “pure and perfect competition,” “oligopoly,” “monopolistic competition,” and “administered prices,”
standard of living of their members by means of raising their money wages, their policy inevitably comes down to an attempt to make the labor of their members of labor-saving machinery on the grounds that it causes unemployment. They oppose competition among workers. As Henry Hazlitt pointed out, they force employers to
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.