This major volume presents a collection of the most important
published articles in the field, including influential papers by
key economists on competition, monopoly and regulation. Competition
follows the development of the idea, as an analytical tool and also
as a policy ideal, from Adam Smith through the marginal revolution
to the modern concept of perfect competition. The editor's original
introductory essay shows how the scope of competition has narrowed
in modern times. It also emphasizes the distinctions between
competition as an end state and competition as a process. This
volume will be of interest to economists, policy makers and
business persons who are concerned with competition and related
subjects.
General
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