Jon Murphy
Does Market Concentration Signal Monopoly?
"The Coasean theory of the firm is noticeably absent from antitrust discussions. Failure to understand that firms arise to lower costs can lead to incorrect conclusions." ~Jon Murphy
What Did Cause the COVID Shortages?
"By not understanding the causes of the disruptions during the pandemic, protectionists advocate for policies that would ultimately make supply chains, and consequently the US economy, more vulnerable." ~Jon Murphy
Do Shortages Signal the Fragility of Free Trade?
"If protectionism makes supply chains more robust, then we should expect to see that in the data. A quick overview shows, however, that protected industries are more vulnerable to shocks…
Did Market Failures Require A Lockdown Response?
"Economists and policymakers must ask the question: what are people actually doing in the status quo to manage the harm? We may find that what, on its face, appears to…
An Avalanche of Failure
"When the feedback mechanism of personal interaction is overruled by a grand scheme, even if it is noble and (seemingly) virtuous, there can be strong negative results that cause the…
Liberalism Was Born and Grew During Centuries of Pandemics
“Liberalism, as we know it today, was formed not in recent times of peace and prosperity, but in the crucible of the 1600s and 1700s. Indeed, some authors trace liberalism’s…
