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- Search found 5 items for:
- Monopoly and Competition
- Joseph T. Salerno
- Media Asset
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
Prior to Mises there had been nothing written on the theory of monopoly price. Mises felt there could be some limited times of monopoly on the free market, e.g. diamond mines, but Rothbard felt that there could not be monopolies. Both theories developed out of Menger’s original thoughts. Lecture 4 of 10 from Joseph Salerno’s Revisionist History
Media Asset
Author:
Joseph T. Salerno
Online Publish Date:
The eighth of ten lectures from Joseph Salerno’s Introduction to Austrian Economic Analysis seminar. Naturally occurring monopolies do not last long. Competition emerges to upset them. The sovereignty of the individual defines the free market. The only monopolies that do persist are those maintained by government interventions. Cartels are not