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Lecture_20_economic_competition_Wolff

Lecture_20_economic_competition_Wolff -...

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Click to edit Master subtitle style   2/5/11 Wolff: Economic Competition July 16th, 2009
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  2/5/11 Harming your economic interests Example of store owner: Theft  – unauthorized person enters your premises  and removes your stock. Arson  – a person sets fire to your store. Fraud  – a person uses your stationary to write to  your suppliers and ask to have your goods  delivered elsewhere. Competition  – a big company opens a new store 
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  2/5/11 What’s so bad about competition? Mill: “Morally speaking, [the evils of individual  competition] are obvious. It is the parent of envy,  hatred and all uncharitableness; it makes every  one the natural enemy of all others who cross his  path, and every one’s path is liable to be crossed.  Under the present system hardly any one can gain  except by the loss or disappointment of one or of 
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  2/5/11
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