4. The Theory of Monopoly Price: From Menger to Rothbard

06/08/2005 Joseph T. Salerno

Prior to Mises there had been nothing written on the theory of monopoly price. Mises felt there could be some limited times of monopoly on the free market, e.g. diamond mines, but Rothbard felt that there could not be monopolies. Both theories developed out of Menger’s original thoughts.

Lecture 4 of 10 from Joseph Salerno’s Revisionist History and Contemporary Theory.

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