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Critical Ideas in Economics No. 4
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.
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What Reviewers Are Saying
'The concept of "Competition" is one of the most important, foundational terms in economics. Alas, it has so many meanings that statements using the term lack specificity; it is a primitive term allowing different readers to interject their own meanings. This and much more is made evident in Jack High's splendid collection of original materials. The collection could usefully serve as the basis for a semester's critical analysis.' -- Warren J. Samuels, Michigan State University, US