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Freedom of Competition
Freedom of Competition
If there is anything for which capitalism is more strongly denounced than its competition, it is its alleged lack of competition and tendencies toward monopoly. These denunciations stem in large part from a failure properly to understand the meaning of freedom of competition and of monopoly. The terms are usually understood in the light of the anarchic rather than of the rational concept of freedom. According to the rational concept of freedom, of course, freedom means the absence of the initiation of physical force - in particular, on the part of the government. Viewed in a positive light, freedom is the freedom to do whatever one is otherwise capable of doing, unconstrained by the initiation of physical force.
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see also:
▪
Adam Smith
▪
Division of Labor
▪
Economic Growth
▪
Economics and Natural Resources
▪
Economy of Learning and Motion
▪
Foundations of Economics
▪
Geographic Specialization of Economic Activities
▪
Governmental Monopoly
▪
Japanese Economics
▪
Keynesian Economics
▪
Marxist Economics
▪
Money, Gold and Inflation
▪
Monopolism
▪
Political Economy and State Security
▪
Procapitalist Economics
▪
The Role of Wealth
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