16 books
—
1 voter
Austrian
“
Historically the division of labour originates in two facts of nature: the inequality of human abilities and the variety of the external conditions of human life on earth. These two facts are really one: the diversity of Nature
”
―
―
“
Monopoly is a market, or part of a market, reserved to the exclusive possession of one or more sellers by means of the initiation of physical force by the government, or with the sanction of the government. Monopoly exists insofar as the freedom of competition is violated, with the freedom of competition being understood as the absence of the initiation of physical force as the preventive of competition. Where there is no initiation of physical force to violate the freedom of competition, there
...more
”
―
―
