Market competition, efficiency and economic liberty
نویسندگان
چکیده
Abstract This paper investigates efficiency and freedom as joint foundations of market economies. Whereas ideal perfect competition accommodates Mill’s principle individual liberty in the economic arena, real world, imperfectly competitive, markets appear often conflicting values. Building on J. S. utilitarian defense free trade On Liberty Chapter V, this puts forward a consequentialist under imperfect competition. Defense rests instrumental value equal freedom, enjoyed by every agent, source general welfare world dispersed information among unique human beings. The has clear impact contemporary antitrust debate, supporting neo-Brandesians’ rehabilitation Structuralism also well founded, economic, i.e. efficiency, reasons.
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ژورنال
عنوان ژورنال: International Review of Economics
سال: 2023
ISSN: ['1863-4613', '1865-1704']
DOI: https://doi.org/10.1007/s12232-023-00426-7