This looks like a good case study in how the Austrian approach to competition is better than the mainstream view of competition and antitrust policy. It turns out that anticompetitive behavior might be good for the environment
occurred in utilities, which leaves in place many regulations that hinder market competition, invites such criticism. The cable industry is no exception. The interest groups organize and advocate pro-consumer and pro-democracy media policy. The authors of this report are, in fact, concerned with the influence that
economy’s production of goods. Hence in order to keep the economy going economic policies must pay close attention to overall demand. Now, part of the demand for life and well-beings. As time goes by however, the effects of loose monetary policy filters through a broad spectrum of prices of goods and services and result in a race between the nations to outbid one another. At the end of this competition is the complete destruction of all nations’ monetary systems.”
way, one shop was prevented from underselling another. Cooperation rather than competition was the rule, and the result was occupational stability: there was a are denied entry. If a particular guild should happen to have a relatively liberal policy of admitting new producers to its craft, it will certainly insist on a minimum
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
from 8% from the last quarter. A combination of tax cuts and expansionary monetary policy from the fed spurred an investment boom. As Kudlow writes, with the Fed the demand and supply sides of markets with each other simultaneously. Prices in competitive markets bring us close to this coordination. Order emerges in society as an unintended consequence of private competition. Deliberate efforts to stimulate, or otherwise manipulate, the economy
that raising pricing – or reflation – or restricting supply - was a solution. That policy was guaranteed to fail. Much government activity, that had only been local, The National Industrial Recovery Act imposed 750 codes binding businesses to cut competition. The NIRA was declared unconstitutional in 1935.The vitality of markets
passage from Epstein’s article in which he answer one question: 3. Weren’t these policy tools originally conceived to curb inflation and smooth business cycles — and to the conditions of a totalitarian state, than ...under conditions of free competition...” Anyone willing to give my inflammatory view of history a chance can
(Samuelson, Newsweek): “the cheaper dollar, by making U.S. exports more price competitive and hurting other countries’ exports, raises the unsettling specter of ‘beggar thy neighbor’ policies.” Addressing Unreasoning Hatreds (Gary Galles, Washington Times ): “Lots of
Model Management Association as a clearinghouse to discuss rates and other competitive terms.” Italy Slides Into Recession (BBC): “Italy has officially entered Friday, citing economists and policymakers.” Bank President Who Lauded Hitler Policies Resigns (Chicago Sun Times): “The president of Glenview State Bank, who and members of Congress protested that the work should have been awarded through competitive bidding.” Schwarzenegger an Austrian and an economist (Austin
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.