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Fair competition: The engine of economic development

Alex M Thomas and Lima Walling

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Competition; Economic development; Classical economics; Indian economy (search for similar items in EconPapers)
JEL-codes: D41 D43 D63 E11 E13 L16 O11 O12 (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-com, nep-evo and nep-hpe
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:31333

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