EPISODE · Jun 21, 2006

8. Competition and Monopoly

from Introduction to Austrian Economic Analysis · host Joseph T. Salerno

The eighth of ten lectures from Joseph Salerno's Introduction to Austrian Economic Analysis seminar. Naturally occurring monopolies do not last long. Competition emerges to upset them. The sovereignty of the individual defines the free market. The only monopolies that do persist are those maintained by government interventions. Cartels are not monopolies. There is no essential difference between a cartel and an ordinary corporation or partnership. But, the cartel is an inherently unstable form of operation.

Episode metadata supplied by the publisher feed · Published Jun 21, 2006

Embed this episode

Attribution link and audio player

What this episode covers

Naturally occurring monopolies do not last long. Competition emerges to upset them. The sovereignty of the individual defines the free market. The only monopolies that do persist are those maintained by government interventions.

Distinct summary based on available episode metadata or transcript content.

Ready to play

8. Competition and Monopoly

0:00 0:00

1×

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

Share this episode

Similar Episodes

No similar episodes found.

Similar Podcasts

No similar podcasts found.

Frequently Asked Questions

When was this Introduction to Austrian Economic Analysis episode published?

This episode was published on June 21, 2006.

Can I download this Introduction to Austrian Economic Analysis episode?

Yes. Use the download control on the episode player to save the publisher-provided media file.

URL copied to clipboard!