The Real Meaning of Competition

Tags: Interventionism, Monopoly and Competition, Free Markets

04/06/2016 Peter G. Klein

Why is the aviation world all atwitter? Peter Klein explains what free market competition is and is not. Klein is the Mises Institute’s Carl Menger Research Fellow.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.