The Conception of Free Competition in the Éléments D’Économie Politique Pure

Jean-Pierre Potier ()
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Jean-Pierre Potier: Lumière University Lyon 2

Chapter Chapter 5 in Léon Walras, Economist and Liberal Socialist, 2025, pp 107-124 from Springer

Abstract: Abstract Very often, contemporary economists equate the Walrasian “free competition” with “pure and perfect competition” as a market structure of the neo-classical canon. In this chapter, we will seek to show that for Walras, free competition is essentially a natural behaviour of rational and free individuals, having specific institutions that allow them to fully exercise these liberties.

Date: 2025
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DOI: 10.1007/978-3-032-04670-3_5

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