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- Search found 9 items for:
- Monopoly and Competition
- Joseph T. Salerno
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
Media Collection
Author:
Joseph T. Salerno
Joseph T. Salerno presents a series of ten formal lectures on topics related to the history and theory of the Austrian School of Economics. Download the complete audio of this event (ZIP) here
Media Collection
Author:
Joseph T. Salerno
Peter G. Klein
Joseph T. Salerno and Peter G. Klein are two of the most productive micro-economists in the Austrian School today. This seminar provides an introduction to Austrian Economics. Presented at the Mises Institute, 11-15 June
Articles of Interest
Author:
Joseph T. Salerno
Online Publish Date:
“All things are subject to the law of cause and effect. This great principle knows no exception.” INTRODUCTION Despite the many illustrious forerunners in its six-hundred year prehistory, Carl Menger (1840-1921) was the true and sole founder of the Austrian school of economics proper . He merits this title if for no other reason than that he
Mises Wire
Author:
Joseph T. Salerno
Online Publish Date:
Earlier this week I returned a pair of indoor/outdoor heated slippers that I purchased online from a niche retailer as a Christmas present for my wife. The problem was that they resembled outdoor boots more than they did indoor slippers. As I started to search for the retailer’s policy on returns, I steeled myself for a time-consuming and costly