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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label market competition. Show all posts

Sunday, July 13, 2014

DSL Outage: Even a Tinge of Competition is a Better Alternative

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There is another principal way to spot whether an industry has been competitive or has been plagued by politics. Market competition ess...

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Saturday, October 19, 2013

Video: Competition, Beer & Diversity

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This cool video relates market competition in the beer industry with biodiversity (hat tip Cafe Hayek) Cheers!

Friday, October 26, 2012

Quote of the Day: The Knowledge Problem

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As with Hayek’s work, central to Pennington’s book is a deep understanding of the knowledge problem. This of course involves understandi...

Thursday, October 04, 2012

Laissez Faire Capitalism: Private Jet Gets Bigger, Faster and Cheaper

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Ah, the beauty of laissez faire capitalism as revealed by the Private Jet industry. First, the financial bubble bust which affected th...

Friday, June 15, 2012

Quote of the Day: Global Competition is the 21st Century Reality

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instead of pursuing a 20th century trade policy model that seeks to secure market-access advantages for certain producers, policy should ...

Friday, July 29, 2011

Competition Fueled Global Stock Exchange Automation

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Transition to electronic trading in global stock exchanges only gained traction after the derivatives exchanges gave them a challenge Prof...

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