IDEAS home Printed from https://ideas.repec.org/h/wsi/wschap/9789814583343_0001.html
   My bibliography  Save this book chapter

Introduction

In: THE ECONOMICS OF COERCION AND CONFLICT

Author

Listed:
  • Mark Harrison

Abstract

The study of economics begins with trade. In an idealized market, sellers compete with each other for buyers. Under the rules of the market, competition is impersonal and non-violent. Each person makes their best choice, which can include staying out of the market; no one is forced to take part. As Adam Smith (1776/2005: 364) suggested, a result of the sellers' pursuit of their own private profit is that resources are “led by an invisible hand” towards their best uses. In turn, the buyers' pursuit of their own greatest satisfaction ensures that everyone gains who takes part willingly. In the outcome, the well-being of society is raised…

Suggested Citation

  • Mark Harrison, 2014. "Introduction," World Scientific Book Chapters, in: THE ECONOMICS OF COERCION AND CONFLICT, chapter 1, pages 1-36, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814583343_0001
    as

    Download full text from publisher

    File URL: https://www.worldscientific.com/doi/pdf/10.1142/9789814583343_0001
    Download Restriction: Ebook Access is available upon purchase.
    File URL: https://www.worldscientific.com/doi/abs/10.1142/9789814583343_0001
    Download Restriction: Ebook Access is available upon purchase.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:wschap:9789814583343_0001. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscientific.com/page/worldscibooks .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.