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...