Back to index
Quotation Source Page Subject
The monopoly problem mankind has to face today is not an outgrowth of the operation of the market economy. It is a product of purposive action on the part of governments. It is not one of the evils inherent in capitalism as the demagogues trumpet. . Human Action p. 363; p. 366 Monopolies
Most cartels and trusts would never have been set up had not the governments created the necessary conditions by protectionist measures. Socialism p. 349 Monopolies
The widespread view that the monopolist can fix prices at will, thatin common phrasehe can dictate prices, is as erroneous as the conclusion, derived from this view, that he has in his hands the power to do whatever he likes. Socialism p. 344 Monopolies