BEGINNER

Market Power

MARCH 11, 2013

When one buyer or seller in a market has the ability to exert significant influence over the quantity of goods and services traded or the price at which they are sold.

Mark Hendrickson - The Truth About Monopoly and Antitrust

Ivan Pongracic - Monopoly and Antitrust

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Austrian Exploitation Theory

Marx had no monopoly.

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The Austrian economist who refuted Marx's exploitation theory had one of his own.

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If the government is incapable of delivering mail, perhaps that business should be given to competitive private enterprise.

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Professor Benjamin Rogge finds in compulsory unionism perhaps the most flagrant current example of the abuse of government-granted monopoly power.

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November 2014

It's been 40 years since F. A. Hayek received his Nobel Prize. His insights, particularly on the distribution of knowledge and the impossibility of economic planning, remain hugely important today. In this issue, we look back on the influence of his work. Max Borders and Craig Biddle debate whether liberty must be defended from one absolute foundation, further reflections on Scottish secession, and how technology is already changing our world for the better--including how robots, despite the unease they cause, will only accelerate this process.
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