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norcofreerider604 (December 31, 1969 at 6:59 pm)
An exclusive monopoly is the invention of government, not the market. Since the market is driven by competition, abusive "monopolies" will fail quickly as better goods/services beat it out.
hugolp (December 31, 1969 at 6:59 pm)
The best way to monopolize a market is having the goverment issuing a law and using people taxes to inforce that law. Otherwise, if you dont use the goverment, you have to pay the effort of keeping the monopoly. And that is very very expensive and ends up in having another company taking over your market anyways.
hymnofashes (December 31, 1969 at 6:59 pm)
The fundamental problem with laissez-faire economies is that there is a demand in the market for devices and individuals whose purpose is to subvert the market itself by monopolizing information, creating barriers to entry, destroying equality of opportunity, or most commonly creating value for private shareholders by cannibalizing goods in the public sphere.I agree about the gold standard, though.
hymnofashes (December 31, 1969 at 6:59 pm)
Markets are defined by regulation. (Patent regulations, delimited public goods, etc.) and economies are also subsets of the natural environment. Production decisions are generally consumer-driven, but often also by political forces or the preferences of those who either produce, seize, or happen to inherit (look at the Saudis) valuable capital. I have those reservations about 'free' markets.
voister81 (December 31, 1969 at 6:59 pm)
I plan to read Human Action. Man, as a guy in Science(math) I came to realize Social Science IS NOT CRAP :)). Maybe much more interesting than science!! I'll buy Human Action now.
mj011n1r (December 31, 1969 at 6:59 pm)
Same here.
scientistwriter (December 31, 1969 at 6:59 pm)
dude im the same as you haha.
teenflunkie (December 31, 1969 at 6:59 pm)
I'm a science/math type but I was once very clueless about economics. So I read Human Action ( well most of it ). I was amazed that I could KNOW economics ( through Misean epistemological methodology ). I also came to discovery that ignorance of economics usually leads to unsound or disatrous political thinking or doctrines. Mises is a very important fellow indeed.
Moragauth (December 31, 1969 at 6:59 pm)
I am a consumer and nothing you say will reduce me to a "citizen".
Moragauth (December 31, 1969 at 6:59 pm)
He won't or probably can't. |
