The Conception of Free Competition in the Éléments D’Économie Politique Pure
摘要
Very often, contemporary economists equate the Walrasian “free competition” with “pure and perfect competition” as a market structure of the neo-classical canon. In this chapter, we will seek to show that for Walras, free competition is essentially a natural behaviour of rational and free individuals, having specific institutions that allow them to fully exercise these liberties.