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The Socialist Myth of Economic Monopoly
     

The Socialist Myth of Economic Monopoly

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by Iakovos Alhadeff
 

A very common socialist claim is that the free market leads to economic monopolies, and it is the governments’ duty to protect consumers from “unreasonably” high prices set by monopolists. The purpose of this essay is to explain in simple words, why consumers should not be protected from the market, but rather from state

Overview

A very common socialist claim is that the free market leads to economic monopolies, and it is the governments’ duty to protect consumers from “unreasonably” high prices set by monopolists. The purpose of this essay is to explain in simple words, why consumers should not be protected from the market, but rather from state monopolies.

Consumers must not be protected from Microsoft and Facebook, but they should be protected from public utilities, or any other state monopolies. This document follows the tradition of the great Austrian economists like Ludwig von Mises, F.A. Hayek and Murray Rothbard. No prior knowledge of economics is required. A genuine interest on the subject will suffice.

Product Details

BN ID:
2940045765749
Publisher:
Iakovos Alhadeff
Publication date:
03/12/2014
Sold by:
Smashwords
Format:
NOOK Book
Sales rank:
858,587
File size:
77 KB

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Meet the Author

I have studied economics to postgraduate level. I never worked as an economist though. I worked in the field of charter accountancy and I completed the relevant professional exams (the Greek equivalent of the English A.C.A.). My essays are written for the general reader with no economic or accounting knowledge, and the emphasis is on intuition. All my documents are extremely pro market and quite anti-socialist in nature. I admire economists from the Chicago and the Austrian School i.e. Milton Friedman, Ludwig von Mises, Friedrich Hayek, Henry Hazlitt, Murray Rothbard. I am Greek and English is not my first language, so I hope you will excuse potential errors in my syntax.

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The Socialist Myth of Economic Monopoly 1 out of 5 based on 0 ratings. 1 reviews.
Anonymous More than 1 year ago
Not worth the time