3 ms·
Perhaps because competition relates to monopolies which is where governments intercede, and hence there is a demand for economic analysis. The libertarians eco
by unishark 6y ago
Perhaps because competition relates to monopolies which is where governments intercede, and hence there is a demand for economic analysis.
The libertarians economists talk about cooperation in terms of spontaneous order. Milton Friedman had his story of the process to manufacture a pencil as "cooperation without coercion". Basically it's the "invisible hand" driving people to cooperate via price signals and self-interest. I don't know if there's much that can be done with the concept beyond that.