Fair competition: The engine of economic development
AbstractThis 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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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 31333.
Date of creation: 2011
Date of revision:
Competition; Economic development; Classical economics; Indian economy;
Find related papers by JEL classification:
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- D41 - Microeconomics - - Market Structure and Pricing - - - Perfect Competition
- E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
- D43 - Microeconomics - - Market Structure and Pricing - - - Oligopoly and Other Forms of Market Imperfection
- E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Institutional; Evolutionary
- O12 - Economic Development, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-06-18 (All new papers)
- NEP-COM-2011-06-18 (Industrial Competition)
- NEP-EVO-2011-06-18 (Evolutionary Economics)
- NEP-HPE-2011-06-18 (History & Philosophy of Economics)
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