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Competition in Maurice Allais’ works

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  • Arnaud Diemer

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Abstract

Competition is a keyword in the works of Maurice Allais. From analytical point of view, competition, as differentiated sector with multiple enterprises under perfect competition, coexist with a non-differentiated sector with single nationalized company. Moreover, competition is not spontaneous but organized by law. Planning competition allows for a balance between market’s forces and state’s regulation. From doctrinal point of view, competition is an alternative to laissez-faire and central planning. The works of Maurice Allais are presented in the intellectual context of his time (Lippmann, International Center for Renovation of Liberalism). In the footsteps of Walter Lippmann and Louis Rougier, Maurice Allais lays the foundations of a new economic liberalism based on competition rather than on private property (Jacques Rueff ).

Suggested Citation

  • Arnaud Diemer, 2012. "Competition in Maurice Allais’ works," Cahiers d’économie politique / Papers in Political Economy, L'Harmattan, issue 62, pages 75-115.
  • Handle: RePEc:cpo:journl:y:2012:i:62:p:75-115
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    Keywords

    Dynamics; laissez-faire; planning competition; social yield.;

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General

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