BEGINNER

Competition

Competition occurs when two or more individuals seek the same finite ends. Scarcity of resources makes competition for them inevitable. In a capitalist system where individuals own property and cannot resort to coercive means, individuals must produce and trade goods and services in order to achieve their ends. Competing producers attempt to provide consumers with the best products at the lowest price in order to earn profits. Competing consumers attempt to outbid one another for these goods and services. 

Paul Cwik - On Competition

 

Israel Kirzner - Entrepreneurship and the Market Process

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Competition and Monopoly

FEBRUARY 14, 2011

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Competition and Entrepreneurship

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FEATURE

Competition and Free Thought: Friedman, Mill, and Educational Choice

DECEMBER 11, 2012 by NATHAN SMITH

Milton Friedman believed State-run schools strangled the productivity improvements to be had from competition; John Stuart Mill believed they strangled independence of thought. Both views have plenty of empirical support, says Nathan Smith.

THE CALLING

On Competition and Entrepreneurship

The third pillar of the Austrian revival.

SEPTEMBER 27, 2012 by STEVEN HORWITZ

If Austrian economics, and classical liberalism more generally, are to win minds and hearts in the world of ideas, it will be by doing as Israel Kirzner does.

IT JUST AIN'T SO

Mergers Harm Competition?

APRIL 26, 2012 by TYLER WATTS

IDEAS AND CONSEQUENCES

Competition and Monopoly: A Refresher

APRIL 21, 2011 by LAWRENCE W. REED

GIVE ME A BREAK!

Competition Would Save Medicine, Too

AUGUST 19, 2009 by JOHN STOSSEL

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MULTIMEDIA - VIDEO

Competition and Monopoly

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Isaac Morehouse on Competition and Entrepreneurship

DECEMBER 14, 2010

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The Meaning of Competition

JUNE 10, 2010 by TSVETELIN M. TSONEVSKI

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Benjamin Rogge on Competition and Monopoly

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CURRENT ISSUE

December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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