4. The Theory of Monopoly Price: From Menger to Rothbard
Austrian School of Economics: Revisionist History and Contemporary Theory · Mises Institute
June 8, 2005
Audio is streamed directly from the publisher (dts.podtrac.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
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.
Topics
Austrian Economics OverviewBiographiesMonopoly and CompetitionOther Schools of ThoughtPrices