Milton Friedman on the essence of the Age of the Worker
13 Jun 2015 Leave a comment
in applied price theory, applied welfare economics, economic growth, economic history, health and safety, income redistribution, industrial organisation, labour economics, labour supply, macroeconomics, Milton Friedman, occupational choice, politics - Australia, politics - New Zealand, politics - USA, Public Choice, rentseeking, unions Tags: competition and monopoly, The Great Enrichment, union power, union wage premium
Ronald Coase on monopoly as the default explanation for perplexing business practices
11 Dec 2014 Leave a comment
Monopoly or superior efficiency – Google and all that
05 Dec 2014 Leave a comment
https://twitter.com/EconBizFin/status/539937864234958851
HT: Jeremy Thorpe
Israel Kirzner on the sole exception that justify competition laws and the regulation of network industries
14 Nov 2014 Leave a comment
Kirzner on resource ownership as the only non-regulatory barrier to competition
10 Nov 2014 Leave a comment
The business community as an enemy of capitalism
26 Jul 2014 Leave a comment
in applied price theory, Milton Friedman, rentseeking Tags: competition and monopoly, corporate capitalism, Milton Friedman, rent seeking
To widen the market and to narrow the competition is always the interest of sellers
14 Jun 2014 Leave a comment
in Adam Smith, economics of regulation, Public Choice, rentseeking Tags: competition and monopoly, The wealth of nations
The proposal of any new law or regulation of commerce which comes from this order, ought always to be listened to with great precaution, and ought never to be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention.
It comes from an order of men, whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even oppress the public, and who accordingly have, upon many occasions, both deceived and oppressed it.
Utopia, you are standing in it! 
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