https://archive.freecapitalists.org:443/forums/5.aspxenCommunityServer 2008.5 SP2 (Build: 40407.4157)https://archive.freecapitalists.org:443/forums/thread/234161.aspxWed, 22 Jul 2009 00:00:40 GMT944abf2b-d1be-4bf2-990d-438cb0e377e9:234161AF0https://archive.freecapitalists.org:443/forums/thread/234161.aspxhttps://archive.freecapitalists.org:443/forums/commentrss.aspx?SectionID=5&PostID=234161<p>Like has been said, in the neoclassical framework, perfect competition results in the maximum &#39;profit&#39; for producers <b>and</b> consumers, however other systems result in greater profit simply on the consumer side, such as monopoly, particularly with price discrimination.</p> <p>Perhaps someone more knowledgeable on Austrian Economics could shed some light onto objections/differences (if any) to the above in AE?</p><div style="clear:both;"></div>https://archive.freecapitalists.org:443/forums/thread/234148.aspxTue, 21 Jul 2009 23:47:40 GMT944abf2b-d1be-4bf2-990d-438cb0e377e9:234148azazel0https://archive.freecapitalists.org:443/forums/thread/234148.aspxhttps://archive.freecapitalists.org:443/forums/commentrss.aspx?SectionID=5&PostID=234148<p>Even if the demand had no limit, you have to factor costs in... No demand will save you if you are losing a dollar per unit you sell...</p><div style="clear:both;"></div>https://archive.freecapitalists.org:443/forums/thread/233988.aspxTue, 21 Jul 2009 13:38:34 GMT944abf2b-d1be-4bf2-990d-438cb0e377e9:233988NewLiberty0https://archive.freecapitalists.org:443/forums/thread/233988.aspxhttps://archive.freecapitalists.org:443/forums/commentrss.aspx?SectionID=5&PostID=233988<p>&nbsp;This is the general neoclassical framework.</p> <p>Generally the market clearing price is the one that allows the greatest total gain by [consumers + producers].</p><div style="clear:both;"></div>https://archive.freecapitalists.org:443/forums/thread/233986.aspxTue, 21 Jul 2009 13:21:37 GMT944abf2b-d1be-4bf2-990d-438cb0e377e9:233986inquisitiveteenager0https://archive.freecapitalists.org:443/forums/thread/233986.aspxhttps://archive.freecapitalists.org:443/forums/commentrss.aspx?SectionID=5&PostID=233986<p>&nbsp;</p> <p>I was sitting there thinking and I just realized that the equilibrium price gives the maximum profits.</p> <p>I don&#39;t want to sound like an idiot and if &#39;my theory&#39; is true it is perhaps obvious to those of you who are very</p> <p>versed in Austrian economic.</p> <p>I just want to ask if it is true and if there any Austrian economists or any school of thought who also say </p> <p>that?</p> <p>A producer of apples would love to sell them at 1 000 000 each but if he did that he would make no money, </p> <p>so he has to bring it down to a level where he gets rid of all the apples and makes money.</p> <p>So theoretically a free market price gives maximum profits and price controls can only reduce these profits </p> <p>and are harmful.&nbsp; </p> <p>The increase in demand that comes with price ceilings cannot compensate the losses the producer </p> <p>suffers. Even at a low price demand does have a limit. </p> <p>Is this right?</p><div style="clear:both;"></div>