Review of Austrian Economics

Competition versus Monopoly: Combines Policy in Perspective

Competition versus Monopoly: Combines Policy in Perspective
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There are numerous well-known definitions of economics, but the one that best captures what economics is about is James Buchanan’s definition, namely: “Economics is the science of markets or exchange institutions.”

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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. 

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