Competition and the Objectives of Government Policy
J. M. Clark
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J. M. Clark: Columbia University
A chapter in Monopoly and Competition and their Regulation, 1954, pp 317-337 from Palgrave Macmillan
Abstract:
Abstract IN an earlier version of the programme, this paper was assigned the topic: ‘ How to make competition work ’. That is a formidable assignment; but I hope it was something besides a desire to escape from its heavy demands which caused me to raise the prior question: ‘How do we want competition to work? To what extent do we really want it, and what do we want it to do for us, and to us? ’ It seems that we — meaning American economists — have been taking the desirability of competition for granted for a considerable term of years, during which things have been happening, in the realms of theory and practice both, which have changed the perspective in which we see a number of our economic objectives; and that it may be worth-while to re-examine the rationale of our position on the subject of competition.
Keywords: Collective Bargaining; Average Cost; Business Unit; Bituminous Coal; Neutralize Process (search for similar items in EconPapers)
Date: 1954
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-08434-0_17
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DOI: 10.1007/978-1-349-08434-0_17
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