of the New America Foundation,” which claims to espouse “new ideas” for public policy. In this case, Lynn espouses the “new idea” of applying nineteenth-century a business consultant, blames General Motors’s current economic woes on “intense competition“ while ignoring the role of labor unions and massive government
the population). Labor unions routinely take credit for all of this while pursuing policies which impede the very institutions of capitalism that are the cause of their over time, less labor was required to produce the same levels of output. As competition became more intense, many employers competed for the best employees by
the population). Labor unions routinely take credit for all of this while pursuing policies which impede the very institutions of capitalism that are the cause of their over time, less labor was required to produce the same levels of output. As competition became more intense, many employers competed for the best employees by
and exchange,” is also more useful and informative, in my view, than the perfect competition model. Buchanan and other public choice theorists have greatly improved This is why public choice theory is largely a study of political processes, with policy recommendations usually focusing on altering institutional processes, rather
prices will result if more than one producer supplies the market. Furthermore, competition is said to cause consumer inconvenience because of the construction of With regard to “public” utilities, Gray records that “between 1907 and 1938, the policy of state-created, state-protected monopoly became firmly established over a
prices will result if more than one producer supplies the market. Furthermore, competition is said to cause consumer inconvenience because of the construction of With regard to “public” utilities, Gray records that “between 1907 and 1938, the policy of state-created, state-protected monopoly became firmly established over a
the cost of health insurance and probably increases the typical health-insurance policy by hundreds, or thousands, of dollars yearly. This is a good example of more hospitals. They have given themselves, in other words, the right to veto new competition in the hospital industry. It is as if the Microsoft Corporation had a
“garbled ideas are the main ideological foundation of labor unionism and the labor policy of contemporary governments . . .” The ideas are “garbled” because they are we all? But economic reality places limits on these pipe dreams. In labor markets, competition among entrepreneurs assures that there is a close association between
was instigated by the government’s central bank and its boom-and-bust monetary policies, among other interventions, has once again been blamed on “too little or outlawing it. And when it did so it was to protect unionized labor from competition, not to protect children from harsh working conditions. The “robber
insurance, something that will certainly drive up its costs and make it less competitive compared to unionized stores. The ultimate goal is to get the company to up grocery prices—all in the “public interest,” of course. As long as there is competition by the superior, nonunion grocery stores, the unionized stores cannot essentially the same outcome. In either case, it is a patently anti-consumer policy that can only harm the employees of the “targeted” company. The whole idea of
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.