Monopoly and Competition

In a market economy, marginally "superior" technology-where it can be objectively defined-doesn't necessarily end up dominating, and that's the way it should be.

Why do economists like Becker and others who say they favor free markets blindly support antitrust laws in all of their wretched excesses?  

While government abuse and destruction does not usually garner enormous media attention, government's fervor to regulate is alive and well.

Are today's CEOs greedy executives who thrive on corporate profits when times are good and when times are bad?

The teachings of Carl Menger and Ludwig von Mises offer the answer to those who say we should dismantle civilization to meet the supposed needs of nature. A very powerful speech by George Reisman.

Religious social services soon may be getting a new ally in their efforts to rescue people from the clutches of poverty, drug addiction and other personal problems: the federal government. The hook is "compassionate conservatism," and as the linchpin of President Bush's domestic policy, stand-and-deliver time has come early. But his plan, if fully realized, should succeed mainly in underscoring the folly of state-sponsored private charity of any type.

Among the follies of our own age seemingly has been the dot.com boom. Indeed, it is apparent now that much of the resources invested in the Internet were wasted.

In an earlier article in the FreeMarket, I questioned whether or not Joel Klein, who headed the US Justice Department's Antitrust Division during the Clinton administration's jihad against Microsoft, was doing so as a "public servant," or might there be a more personal agenda. We now have our answer: Klein was going for the big bucks.

Enforcement of intellectual property rights" can conflict with the rights of tangible property holders. When the WTO does it, the free market get a bad name. Illana Mercer explains.

Due to the weakening economy, the red-hot job market appears to be at an end. Employers are already handing out pink slips, giving rise to complaints about the "injustices" of the market system, particularly among younger workers whose careers have been furthered by an unusually long economic boom.