This course will cover chapters 10, 11, and 12 of Murray Rothbard's systematic treatise on economics, Man, Economy, and State. In this course, you will have the ideal instructor: Robert Murphy, the author of the study guide to Man, Economy, and State.
Chapter 10 contains one of Rothbard's foremost original contributions to economic science: his discussion of monopoly and competition. Rothbard went beyond even Mises in exculpating the pure market economy from the arguments of antitrust-advocating market critics. Rothbard argued that on the free market there can be no such thing as a monopoly price which is different in any significant way from a competitive price.
In chapter 11, Rothbard presents a thorough and completely Misesian exposition of monetary theory. Among other highlights, this chapter includes the most devastating and succinct critique of Keynesianism ever penned, as well as a thorough refutation of Irving Fisher's "equation of exchange" doctrine, thereby discrediting much of monetarism, and undercutting (before the fact) many of the arguments of the modern, quasi-Austrian, "Free Banking" school.
And chapter 12 is a methodical deconstruction of the folly of all state intervention into the market economy. After having spent 11 chapters describing the essence and functioning of the market system, chapter 12 elucidates what happens when government throws a wrench in the gears.
This course is a perfect follow-up to Murphy's previous courses based on Man, Economy, and State. However, having taken those courses is NOT required, and this course stands alone as an excellent study of 3 crucial areas in Austrian theory. This course is well-suited for anyone conversant with the Austrian understanding of the market process.
LecturesThe video lectures are online, and use Webex, the industry-standard web conferencing service. Lectures will be Wednesday evenings, 6:00-7:30 pm Eastern time. They will be recorded and made available for enrolled students to download. ReadingThe primary text of the course is Man, Economy, and State by Murray N. Rothbard, specifically chapters 10-12. This and any other assigned readings are available for free online.carnige
Emergence of monopoly power and concentration
The government can create a monopoly when, in doing so, it is in the interest of the public good.
The monopoly was broken up by the government.
monopoly
The game Monopoly is controlled by Hasbro.
the British East India Company
The british east India company
Questions from Advanced Academics.
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Yes,India was a colony of Britain.I around 1612,East India Company got monopoly rights to trade and the English gradually colonised India.India got freed only in 1947.British controlled India for almost 200 years.
Emergence of monopoly power and concentration
According to regulating act the government in india was to be under the governer general
The government can create a monopoly when, in doing so, it is in the interest of the public good.
The British East India Company controlled India.
Mahe was formerly a French colony and is situated in Southern India. It is a small township in Kerala but is controlled by the government of Puducherry.
The monopoly was broken up by the government.