Austrian School of Economics: Revisionist History and Contemporary Theory

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4. The Theory of Monopoly Price: From Menger to Rothbard

  • Austrian School of Economics Salerno
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06/08/2005Joseph T. Salerno

Prior to Mises there had been nothing written on the theory of monopoly price. Mises felt there could be some limited times of monopoly on the free market, e.g. diamond mines, but Rothbard felt that there could not be monopolies. Both theories developed out of Menger’s original thoughts.

Lecture 4 of 10 from  Joseph Salerno's Revisionist History and Contemporary Theory.

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