A Critique of Neoclassical and Austrian Monopoly Theory

Tags: Monopoly and Competition, Other Schools of Thought

07/20/2005 Articles of Interest Dominick Armentano

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Critique of Neoclassical and Austrian Monopoly Theory, A_4.pdf

There are major and fundamental disagreements between some of the leading Austrians, and these disagreements are created by wholly different theories concerning the definition of monopoly, the origins of monopoly, and the supposed effects of monopoly on consumer sovereignty and efficient resource allocation.

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Dominick Armentano

Dominick T. Armentano is professor emeritus in economics at the University of Hartford in Connecticut and an Associated...

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