Competition, or the freedom to enter into a market, contributes greatly to the differentiation of human activities and therefore to economic progress. This fascinating book highlights the similarities between human systems at both the micro and macro level, and demonstrates how competition can...

I. The Perception of Competition as a Dynamic Process -- II. Premises and Assumptions of the Chicago School’s Concept of Competition -- 1. Rationality and Autonomy of Economic Agents -- 2. Perfectly Competitive Markets -- 3. Workability of the Market Mechanism -- 4. Lang-run Effectiveness of...

Who was the greater economist--Adam Smith or Charles Darwin? The question seems absurd. Darwin, after all, was a naturalist, not an economist. But Robert Frank, New York Times economics columnist and best-selling author of The Economic Naturalist, predicts that within the next century Darwin...