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What do the World Trade Organization protesters, President Clinton, and the Microsoft judge have in common? Answer: an almost appalling ignorance of Economics 101. The World Trade Organization, a consortium of 135 nations, met in Seattle to discuss ways to increase...
Judge Thomas Penfield Jackson has released his "findings of fact" in the Microsoft antitrust case. While his report did contain some correct information--such as the truism that a successful company tries to defeat its rivals--the central claims of his report are...
Microsoft did not gain its market share by having the government outlaw its competitors: Microsoft earned its position in the free-market as the result of freedom of competition. Microsoft is not a predator; Microsoft is the victim.
Part 1 of 6 in a Series of articles on Capitalism, Free-competition, Antitrust, and Microsoft The following article is an adaptation of a lecture Mr. Salsman gave at Harvard University, in May of 1999. The print version has been edited lightly in order to retain it's...
Warning: Over certain issues, otherwise intelligent people may, repeat, may suffer instantaneous, and often irreversible, brain-freeze. Take the minimum wage. The City Council in Santa Monica, Calif., a town also known as "Moscow on the Pacific," just voted...
As the inflation-induced appearance of wealth is made to substitute for the fact of wealth, the boom gives rise to a consumption that takes place at the expense of essential saving and capital accumulation and thus serves ultimately to cause impoverishment.
What the market at large did not foresee [which] perhaps could be called a ‘widespread error in thinking’, was that Japanese politicians would [take] political issue [with] the quickly increasing prosperity.
On March 3, 1999 Bill Gates will testified before the United States Senate Judiciary Committee to defend Microsoft against-anti trust charges. Prior to Gates's testimony, activist Ralph Nader will be mobilizing his "public citizens" to condemn Microsoft's practices....
Every so often, without fail, the Republicans remind me why I don't join the party. A recovering drug and alcohol abuser, living in the streets, recently told me the following story. One day, in desperate need of money, he went to the owner of a convenience store. The...
Q: Don't consumers have a right to buy Microsoft Windows without Internet Explorer? Does not Microsoft's bundling of their products (i.e., Microsoft Internet Explorer and Microsoft Windows) into one package disrupt a person's right to only have to pay for products he...
I frequently read condemnations of Microsoft. It would be futile to put myself in the position of the Simpson prosecution, lending credibility to fantasies by treating them seriously. But some accusations have a surface plausibility, particularly to readers not versed...
The Review of Austrian Economics (RAE) recently published a review of my book Capitalism: A Treatise on Economics that, while praising my book to some extent, seriously misrepresents or altogether ignores major portions of it.
The following question was emailed to Glenn Woiceshyn, by an ABC reporter, regarding the government's assault on Microsoft. Reprinted below is Glenn's reply.Q: What do you think of the latest addition of Bob Dole and Robert Bork to the anti-Microsoft team? Do you...
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.
One reader has wondered whether the recent attacks on Microsoft stem from the fact that software intellectual property rights are not predominantly protected by patent law, but rely in part on copyright law. The reader said this in context of a suggestion that...
Envy has destroyed great men in the past, and it might destroy a great man today.
Fischel demonstrated that the “crimes” Milken allegedly committed were mere bookkeeping infractions which violated no legitimate rights and harmed nobody.
Fischel’s thesis is that Milken was a financial genius who fell victim to envy and became the scapegoat for economic disasters caused by the government.
Bill Gates, Microsoft's founder and Chairman, had to testify before the Senate Judiciary Committee this week because his competitors, the government, and his other foes have manipulatively vilified him. They unjustly characterize Microsoft's dominance in computing as...
The grassroots petition ended up receiving over 30,000 online signatures as part of an initiative launched by Mark Da Cunha for the Moral Defense of Microsoft.
In 1988, Microsoft offered manufacturers of personal computers a considerable discount on the licensing fees they pay to install MS-DOS and Windows operating system on new PCs prior to their leaving the factory. In exchange it required manufacturers to pay for each...
The suit against Microsoft by the U.S. Department of Justice is, in fact, a grave act of injustice. To understand this, it is necessary to look at the background and legal context of this case. America' antitrust laws are highly ambiguous. They create offenses for...
The U.S. Department of Justice (DOJ) recently accused Microsoft of violating U.S. antitrust laws, and asked a federal court to fine Microsoft an unprecedented 1$ million per day until the "violations" cease. Microsoft's "crime" was to include its Internet Explorer...
The Teamsters' strike, and its pending settlement, against United Parcel Service (UPS) gives us a chance to think about unions and labor issues. In a free society, people have the right to form voluntary associations. Therefore, any impediment, including so-called...
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