In November 2021, the IEA was pleased to hold, in partnership with the Information Technology and Innovation Foundation, a conference on the Meaning of Competition featuring leading commentators and academics in the field.The objective was to reflect, in the 75th anniversary year of Hayek’s...

This article provides an overview of the competitive issues surrounding online platforms. The general theme is that while much has been made of the structural features of online platforms there is little hard evidence that these are durable monopolies. Nonetheless, there are concerns about the...

Friedrich A. von Hayek’s (1899-1992) view of competition as a discovery process is well known but little used. His central thesis is that a competitive pricing system is the most effective way to coordinate economic activity and economise on the information held by market participants in a...