It is ideas that determine what people consider as their interests. Free men do not act in accordance with their interests. They act in accordance with what they believe furthers their interests.
The political entrepreneur succeeds by using the implicit violence of government to cripple his competitors and harm consumers. The market entrepreneur, on the other hand, makes his fortune by providing consumers with products they need at prices they can afford.
Dr. Walter Block joins the show to discuss Rothbard's breakthroughs on monopolies and cartels, and to draw downward-sloping demand diagrams for us!
The political entrepreneur succeeds by using the implicit violence of government to cripple his competitors and harm consumers. The market entrepreneur, on the other hand, makes his fortune by providing consumers with products they need at prices they can afford.
David Friedman discusses physics versus economics with Bob Murphy.
Scott Beyer is the author of the Market Urbanism Report, which applies free market economic principles to urban issues, such as traffic congestion and housing affordability.
A mini-treatise by Murray Rothbard on the market economy, socialism, peace, the economics of Jefferson, and much more.
In a totalitarian system, competition means courting the favor of those in power. In the market system, competition means sellers try to outdo one another by offering better or cheaper goods and services to the buyers.
