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That's about the correct summation Raoul. One thing that troubles me is that how can it be said that a monopolist reduces output? To what level are we comparing it to. Rothbard's monopoly theory states only that the price will increase or the quality decrease, not that it will produce less.
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I suppose it depends to some extent what we mean by monopsony. Maybe it would be more helpful to call Mera's concept Oligopsony instead. As an aside though, Rothbard called anything which depended massively on government intervention a monopoly not a body who could monopolise the entire supply of a good.
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I wondered if any of you listened to Xavier Mera's talk at the Austrian Scholars Conference 2010 on Monopsony? His full paper is here . His main claim seems to be that regulation and monopolisation of markets by government reduce the competition for the demand for labour and as such lowers their wage. He argues that owners of capital and benefit
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Not all will be regained but I'm optimistic some can and will provide a foundation for a bright future.
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My favourite days were the battles between the cultural leftists and the cultural rightists which was embodied by Brainpolice vs GilesStratton. Stranger and Byzantine (he was banned due to linking to niggermania) were also on the rightest side. When Niccolo was around agorism was a bit more popular. Juan, was pretty annoying as was the KnightofBAWAA
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I'm heading to the Austrain Forum and am considering joining Autolykos' forum. I think the reason this forum dropped in quality was the that he forum started to break. No quote button, loads of spam and the failed Mises new community. I think it made the old posters disallusioned so they left - they will also be older now so may possibly have
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Nice one Dave. That's awesome.
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I want to listen to both volumes of Rothabrd's history of economic thought but downloading the individual files will take ages. Any one know of a good torrent for it? I've had a look round and can't find one.
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I completely forgot about you Fephisto. You never know Student, Donny with an A, Len Budney, Inquisitor or even Nathyn might return!
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Blake, Can you make me a mod on the Austrain forum? Wow. I'm going back to where it started. I think I'm the only regular poster here who was a member of the old forum.