Tag: competition
The imperfect assumptions of perfect competition
December 13, 2016 | Post
“I learned in economics that in ‘perfect competition’ profits are zero, so any actual profits come from some kind of monopoly power. So how could profits be good?”
Failing better: What we learn by confronting risk and uncertainty
December 6, 2016 | Post
Imagine a society that always encouraged you to make the right choices without forcing to make those choices.
Defending privilege in a world of disruptive innovation
December 3, 2016 | Post
Two front-page stories in the Metro section of Monday’s Washington Post depict protected service providers desperately trying to fight off innovations that might serve customers better and threaten the comfortable incomes of the established providers.
The double thank you of the market
November 18, 2016 | Post
If we want the market order to survive, we will have to continue to treat it both in theory and practice as a realm of moral and virtuous behavior.
New anti-Airbnb law protects hotels from competition (and violates private property and freedom of exchange)
November 15, 2016 | Post
Airbnb is now facing greater opposition in New York thanks to a recent bill signed by Governor Andrew Cuomo which bans advertising of short-term rentals.
Solar energy can’t survive without massive subsidies
October 30, 2016 | Post
Solar power can only survive with an army of lobbyists dedicated to securing millions in taxpayer dollars.
Competition makes the world beautiful: The early years of rock
October 29, 2016 | Post
Whether it’s music, art, or commerce, it’s competition that makes the world beautiful.
Economic freedom and economic harmony
October 28, 2016 | Post
The right of humans to freely cooperate on an open market is the surest way to bring about not only economic, but human harmony.
Spontaneous cooperation is why your life rocks
October 16, 2016 | Post
The work you do probably does not produce something you could consume. Even more striking is the fact that almost everything you consume is something you could not possibly produce. Your daily life depends on the cooperation of hundreds of millions of other people.
Let’s tax the iPhone to save BlackBerry
October 13, 2016 | Post
It’s not BlackBerry’s fault the Apple iPhone has become the go-to smartphone for consumers worldwide.
The Week in Review: Cannabis, Chess, and Market Competition
October 7, 2016 | Post
We’re just a month out from what’s sure to be a historic presidential election. Check out the links below to get caught up before heading into the weekend. The United States suspended talks with Russia as the situation in Syria escalates following a failed ceasefire just weeks ago. Women’s U.S. chess star Nazi Paikidze is […]
Profit Shouldn’t Be a Dirty Word In Drug Development
October 2, 2016 | Post
The spread of markets into the healthcare sector has allowed us to live longer than ever before.
Are Silicon Valley's Chaos Makers Smart or Insane?
September 23, 2016 | Post
Entrepreneurs pitch an endless stream of Ideas. Everyone argues over which can work. A few attract funding. Most fail. This competitive market process ensures only the best survive.
YouTube's Attempt to Protect Viewers From Controversial Opinions Will Backfire
September 9, 2016 | Post
YouTube is effectively censoring video content by barring videos that depict controversial subjects from collecting advertising revenue.
Why Addressing America's "Monopoly Problem" Would Be a Problem
July 20, 2016 | Post
Senator Elizabeth Warren recently delivered a speech in Washington entitled “America’s Monopoly Problem,” and it could completely change the way we live our lives. That’s because if she is chosen by Hillary Clinton to be the Vice President and if Clinton defeats Trump, this could be a signal of what is to come with respect to antitrust activity […]
A Dysfunctional TSA Shows Exactly What’s Wrong with Our Government
June 9, 2016 | Post
The start of summer means that many of us are planning far-flung summer vacations. But the excitement of such vacations is always just a little dulled by the insanely long lines at the Transportation Security Administration (TSA). Stories of three-hour wait times and hundreds of missed flights because of slow security lines have become unfortunately […]
How the State Became the American Woman’s Real Enemy
May 18, 2016 | Post
Editor’s Note: This is part one in a two part series from Sarah Skwire on women and liberty. You can read part two here. I’ve been a feminist for as long as I can remember. One of our oldest family stories is of Young Sarah asking Mom why Puppy Chow had a commercial that said “Don’t […]
All McDonald's Hamburgers Taste the Same, But You'll Need a Crash Course in Economics to Know Why
March 28, 2016 | Post
Markets can be regulated by the figurative force of competition or by the literal force of government. Which better protects buyers and sellers? Contrary to popular belief, regulation by competition usually renders regulation by government either unnecessary or counterproductive. Regulations are usually presented to the public as a matter of guarding the public interest and […]
Holiday Season Brings Booze (Taxes)
December 25, 2015 | Post
Christmastime isn’t just about giving presents and sleeping in all morning. For many, it means boozy holiday parties and a chance to kick back a beer (or three) with family and friends. But holiday brews aren’t cheap—and it’s not the alcohol that makes them so expensive. In the video below, George Mason University Professor Christopher […]