Is This Time Different? Schumpeter, the Tech Giants, and Monopoly Fatalism

Growing numbers of legislators and policy experts charge that tech firms such as Amazon, Google, Facebook, Apple, and Microsoft are “monopolies” with the potential power to harm consumers. A new study from Cato scholar Ryan Bourne suggests that we should be extremely skeptical about predictions of entrenched monopoly power. Over the past century, large businesses operating in industries similar to today’s tech firms were regularly labeled as unassailable monopolies, but all saw their market shares disintegrate in the face of innovative new products and companies.

Anyone’s Game: Sports-Betting Regulations after Murphy v. NCAA

Until very recently, sports betting was regulated — and banned in most states — by federal law. Last year, however, the Supreme Court ruled in Murphy v. NCAA the law was unconstitutional because it dictated what state law could and couldn’t be in this area. States now have the opportunity to make their own laws on sports betting for the first time in a quarter of a century, and Congress likewise is deciding if and how to regulate sports betting directly. In a new brief, Cato scholar Patrick Moran recommends that Congress employ federalism as a guiding principle when considering new legislation.

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The Libertarian Mind: A Manifesto for Freedom

The Libertarian Mind: A Manifesto for Freedom

Two long wars, chronic deficits, the financial crisis, the costly drug war, the growth of executive power under Presidents Bush and Obama, and the revelations about NSA abuses, have given rise to a growing libertarian movement in our country – with a greater focus on individual liberty and less government power. David Boaz’s The Libertarian Mind is a comprehensive guide to the history, philosophy, and growth of the libertarian movement, with incisive analyses of today’s most pressing issues and policies. The Libertarian Mind is the ultimate resource for the current, burgeoning libertarian movement.

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To encourage people everywhere to better understand and appreciate the principles of government that are set forth in America’s founding documents, the Cato Institute published this pocket-size edition.

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When was the last time you were truly energized by ideas? Cato’s self-paced, home study program enables you to spend time with brilliant minds wherever and whenever you have an opportunity to listen and think. is a resource on the theory and history of liberty, broadly construed. Libertarianism takes many forms and the blogs, essays, and videos here explore them all. None of the views expressed at should be taken to represent the position of the Cato Institute or its scholars. also offers the following: