Munich Personal RePEc Archive

Fair competition: The engine of economic development

Thomas, Alex M and Walling, Lima (2011): Fair competition: The engine of economic development.

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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.

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