American Economics, Entrepreneurs and Monopolies

July 25, 2014 – In a presentation for the Mises Institute, author and Mises Institute Senior Fellow Tom Woods discusses four topics: the history on American economics, looking at real-life examples of American entrepreneurs; whether or not these business people of the late 19th century were in fact monopolists in the standard textbook definition; the issue of predatory pricing, which is often described as driving out your competition by pricing your product below what others are charging for it; and the thesis of Gabriel Kulko.