Fair competition: The engine of economic development

This paper questions the existing notion of competition prevalent in economic theory. It is shown that the prevalent idea of competition is incompatible with economic development. Fair competition, this paper argues, ought to be understood in context. The paper ends by providing some preliminary suggestions to economists and policy makers on how to understand competition.

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Year of publication:	2011
Authors:	Thomas, Alex M ; Walling, Lima
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Competition \| Economic development \| Classical economics \| Indian economy

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; D41 - Perfect Competition ; E13 - Neoclassical ; O11 - Macroeconomic Analyses of Economic Development ; L16 - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure; Industrial Price Indices ; D43 - Oligopoly and Other Forms of Market Imperfection ; E11 - Marxian; Sraffian; Institutional; Evolutionary ; O12 - Microeconomic Analyses of Economic Development
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009132753