I need some help here people. Could someone recommend a couple of articles on the subject of the austrian view on monopoly and competition? I'm not looking for books on the subject or audio lectures, just some articles that covers the basics (that can be found on the internet). It would be a big plus if the articles also contrasts the austrian view with the neoclassical one ("perfect competition" etc..)
Thanks.
I'd recommend reading the entire chapter in Man, Economy and State on competition and monopolies. I think it's chapter XI.
-Jon
Freedom of markets is positively correlated with the degree of evolution in any society...
Jon Irenicus: I'd recommend reading the entire chapter in Man, Economy and State on competition and monopolies. I think it's chapter XI. -Jon
I have read this chapter! And yes, it's great!
The thing is, I'm not trying to convince or teach myself. You see, I have a school assignment where I and 3 others will be writing an essay on the subject of perfect competition, we don't know yet what the actual question will be but we know that this is the subject. I want to take this assignement as an opportunity to spread the wisdom of the austrians and frankly, I doubt that the others in my group will read the entire chaper on monopoly in Man, economy and state (it's 115 pages long!!!). Hopefully, if i can get them to read an article or two on the subject I can convince them to write about it from an austrian perspective with me.
Hayek has a piece about perfect competition in Individualism and Economic Order.
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Google is your friend.
http://www.fff.org/freedom/0592c.asp
http://www.fff.org/freedom/fd0609e.asp
http://www.fff.org/freedom/fd0610e.asp
http://www.nathanielbranden.com/catalog/articles_essays/question_of_monopolies.html
http://mises.org/freemarket_detail.aspx?control=498
Political Atheists Blog
Armentano also had a couple of good articles on Mises.org. Worth checking out.
February 17 - 1600 - Giordano Bruno is burnt alive by the catholic church. Aquinas : "much more reason is there for heretics, as soon as they are convicted of heresy, to be not only excommunicated but even put to death."
Cesar: I believe Monopolies are dead in the long run. But in the short run they can do a lot of damage. Government does create monopolies trough its "creative" laws, but does that mean we dont need any competition rules/laws in a free market??
What competition rules do you have in mind? When firms compete- they do so to satisfy the consumer. Placing rules limits their ability to engage in that activity.
You sound just like Firestone when their tires were blowing up all over the place back in 2000 killing families. I understand your free market stuff.
auctionguy10: Cesar: I believe Monopolies are dead in the long run. But in the short run they can do a lot of damage. Government does create monopolies trough its "creative" laws, but does that mean we dont need any competition rules/laws in a free market?? What competition rules do you have in mind? When firms compete- they do so to satisfy the consumer. Placing rules limits their ability to engage in that activity.
Cesar: You sound just like Firestone when their tires were blowing up all over the place back in 2000 killing families. I understand your free market stuff. auctionguy10: Cesar: I believe Monopolies are dead in the long run. But in the short run they can do a lot of damage. Government does create monopolies trough its "creative" laws, but does that mean we dont need any competition rules/laws in a free market?? What competition rules do you have in mind? When firms compete- they do so to satisfy the consumer. Placing rules limits their ability to engage in that activity.
You didn't even brother to answer the question!
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kiba:You didn't even brother to answer the question!
Just ignore him.
The fallacies of intellectual communism, a compilation - On the nature of power
Cesar: You sound just like Firestone when their tires were blowing up all over the place back in 2000 killing families. I understand your free market stuff.
Ok.
So what competition rules did you have in mind?
I try to avoid being repetitive so tell me yours first.
Cesar: I try to avoid being repetitive so tell me yours first.
I don't think any laws or regulations are necessary for competition to take place- and that any addition of new laws to turn competition into something that the lawmakers think is better suited to them- does not work in favor for consumers.
So what rules do you think are needed for competition between firms?