Monopoly and Antitrust | Ivan Pongracic

Описание: Professor Ivan Pongracic talks about monopoly and antitrust laws at the "2016 Challenge of Liberty Summer Seminar," held at Santa Clara University, in Santa Clara, California

CONTENT OF THIS VIDEO
00:00 Introduction
01:13 What is a monopoly?
03:12 Ludwig von Mises ideas on monopoly and competition
08:06 Barriers to entry into a particular market examples
19:53 Israel Kirzner thought on "lack of capital" as a barrier to entry
23:48 Barries to entry on a free market economy
27:58 Murray Rothbart on monopoly as a privilege by the
government
34:58 Antitrust laws
36:02 Sherman Act (1980)
43:07 Enforcement agencies
45:10 Critique of antitrust laws
46:09 Examples
49:59 Conclusions
52:56 Closing credits

ABOUT IVAN PONGRACIC
Ivan Pongracic, Jr. is the William E. Hibbs/Ludwig von Mises Professor of Economics at Hillsdale College, where he has been teaching since 2000. He received a Bachelor of Science degree in aerospace engineering from Purdue University in 1992, and his Masters and Doctorate degrees in economics from George Mason University in 1996 and 2004, respectively. Prior to coming to Hillsdale he taught at Indiana Wesleyan University.

The Challenge of Liberty Seminars provide college-aged students with the ethical and economic principles of free societies that are essential to understanding, appreciating, and preparing for real world issues that lie ahead.

More information about Student Seminars: http://www.independent.org/seminars/