Correcting Markets

From the Mises Institute:

And so began the downward trend in America’s free market in medicine. With fewer medical schools — and thus fewer doctors — wages can be kept higher than would exist in a market dominated by free enterprise and the unobstructed entry into practice. Consumers, who ordinarily determine the success of . . . → Read More: Correcting Markets

Natural Monopolies and Cap and Trade

Note: this post is intended as discussion of economic theory. The use of certain analytical tools should not be construed as approval or said tools, nor should assertions and arguments be construed as advocacy. This is simply an exercise in economic analysis.

Taking the mainstream definition of natural monopolies, and assuming that the human-produced . . . → Read More: Natural Monopolies and Cap and Trade