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Fair competition: The engine of economic development

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  • Thomas, Alex M
  • Walling, Lima
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    Abstract

    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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    File URL: http://mpra.ub.uni-muenchen.de/31333/
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    Bibliographic Info

    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 31333.

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    Date of creation: 2011
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    Handle: RePEc:pra:mprapa:31333

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    Related research

    Keywords: Competition; Economic development; Classical economics; Indian economy;

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