whether or not the average person understood how they worked — economic policies as enacted by governments will ultimately rest with public opinion. No hire a nurse who was inferior at performing medical tasks?), entrepreneurship and competition (what “directs” activities in a market without a central planner?), and
is a critique of current school choice programs and proposals that emphasizes competition in education as the means of bring about real reform in education. the public school system to problems with current reform proposals to the author’s policy requirements of a competitive education industry. Although the main focus of
and once you see it in action, you will be able to understand why popular policy measures that interfere with the free market won’t work. The course will start with a short account of deductive reasoning. We’ll then examine competition and monopoly: does a free market require government action to make sure
[Thomas DiLorenzo discusses his upcoming online Mises Academy class Competition, Monopoly, and Antitrust: The Austrian Perspective , a five-week course theory, and point out the implications for both economic theory and public policy. The last three classes will be devoted to applications of the Austrian theory
communication, social networks, and the like? Do they constitute new forms of competition, social interaction, community, and even a new kind of “democracy” the internet (and of networks more broadly), and the legal, regulatory, and public-policy implications of networks and information technology. Throughout, we will ask
reformers argue for practices that threaten this structure by celebrating competition that encourages improvement of underperforming public schools, reverses a position represents a remarkable shift of emphasis by a director of education policy at the American Enterprise Institute, where calls for abolishing the
Mainstream economics is built on a foundation of equilibrium. The mainstream competitive model depicts competitive firms after all the competition has already taken place, so the role of entrepreneurship is left out. to macroeconomics, the whole sub-discipline has been focused on how government policy can stabilize the economy. That’s been true for a century. But because of its
they set up demonstration projects to reduce costs. This will all encourage more “competition” among schools. Yes, you heard that right: more government control of as its operating manual. Of course, Obamacare not only rated medical insurance policies; it mandated what would be in them at what prices, which in effect put
of the free market, Murray N. Rothbard debunks economic myths, illustrates the competitive process, explains the determination of interest rates and the coercion diminishes it. Rothbard debunks the protectionist fallacies of “fair competition,” “dumping,” “infant industries,” “aging industries,” and “balance of people’s values and tastes are constantly changing. The implications for public policy are far-reaching because there can be no scientific claim to social
with in Human Action and in many of his other works still dominate the public-policy discourses of our own time. The World When Human Action was Published It is and wage and foreign exchange controls, and Keynesian influenced “full employment” policies with deficit spending and “easy money.” In Human Action , Ludwig von Mises terms of trade among competing buyers and sellers. Without the haggling of market competition there would, of course, be no agreed-upon terms of exchange. Without
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.