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Competition and Free Trade





ISBN 9780367888916
Published December 12, 2019 by Routledge
146 Pages

 
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Book Description

Competition and free trade are both concepts which are absolutely central for the understanding of human societies but are also often the subjects of fears and criticisms. It is argued that it is not possible to understand what competition really is without referring to the concept of freedom, and that free trade must be understood as the way to expand the scope of competition.



This book uniquely analyses the two concepts as closely interlinked, by approaching them in two parts. The first, ‘Competition’, introduces the reader to the traditional competition model, stresses its shortcomings, and explores the dynamics and range of the term in an authoritative way. The second part, ‘Free Trade’ examines the different types of trade, and analyses them in a wealth of contexts, from customs duties to import quotas. With discussions surrounding protectionist arguments, politics, liberalization and history, the author presents an overview of how competition and free trade operate in the real world.



This book dispels the fears and misunderstandings which have developed around these central pillars of the modern economy and is essential reading for those studying international economics, international trade, political economy or corporate finance.

Table of Contents

TABLE OF CONTENTS



Foreword



PART ONE – COMPETITION



Introduction



Chapter I – The traditional competition model



Chapter II – Breaches of atomistic competition



Chapter III - A critical appraisal of the atomistic theory



Chapter IV - The entrepreneur and the dynamics of competition



Chapter V - True and false breaches of competition



Chapter VI - How far competition ?  



PART TWO - FREE TRADE



Chapter VII - Justifications for free trade



Chapter VIII - The effects of protectionism



Chapter IX - True and false barriers to trade



Chapter X - Protectionist arguments



Chapter XI - The role of political processes



Chapter XII - Trade liberalization



Chapter XIII - Historical landmarks



Bibliography



Index

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Author(s)

Biography

Pascal Salin is Honorary Professor of economics at Université Paris, Dauphine, France.