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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.
What else can I help you with?
Who controlled a monopoly that controlled 95 percent of America's oil industry?
carnige
Is there emergence of monopoly power in India?
Emergence of monopoly power and concentration
How a government is involved in creating a monopoly?
The government can create a monopoly when, in doing so, it is in the interest of the public good.
What is a sentence using the word monopoly?
The monopoly was broken up by the government.
What exists when the entire supply of a good is controlled by a single seller?
monopoly
What year did CD get copyright for monopoly?
The game Monopoly is controlled by Hasbro.
After the breakup of the Mughal empire who controlled the government of India for almost 100 years?
The british east India company
After the breakup of the Mogul empire controlled the government of India for almost 100 years.?
the British East India Company
Did Andrew Jackson believe made the federal government subversive to the rights of the states and was a monopoly controlled by foreigners and the rich?
Questions from Advanced Academics.
Who controlled a monopoly that controlled 95 percent of America's oil industry?
carnige
Is there emergence of monopoly power in India?
Emergence of monopoly power and concentration
India it was a british empire?
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.
How was the EEIC controlled from Britain?
According to regulating act the government in india was to be under the governer general
What country controlled the spiced island?
The Spice Islands, also known as the Moluccas, were controlled by the Dutch during the 17th century. The Dutch East India Company established a monopoly on the spice trade in the region, particularly for nutmeg and cloves.
How many types of monopoly exist in the market?
There are four main types of monopoly in the market: natural monopoly, geographic monopoly, technological monopoly, and government monopoly.
How a government is involved in creating a monopoly?
The government can create a monopoly when, in doing so, it is in the interest of the public good.
What is a sentence using the word monopoly?
The monopoly was broken up by the government.
