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Competition, Technocracy and Inequality

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  • Paul, Cocioc

Abstract

The article present a brief analyze of theoretical virtues of free competition in relation with some visible limits and negative consequences observed in real economic life. Social intervention to correct (at least in part) those social failures and the new responses of the firms are discussed too. Possible motivations of these new actions are presented in connection with technocratic model of firm management. It seems that the model of professionalization of firm leadership created not only a new structure within the category of the intermediaries (one with extremely high powers), but later generated new interests typical for a social category. The intermediary develops his own agenda and seeks to control not only the market but also the business owners (which is possible in the conditions of the fragmentation of the large property). They have the power to distort and undermine normal competition (or at least to try it) and that conduct to some practices at legal and ethical borderline.

Suggested Citation

  • Paul, Cocioc, 2020. "Competition, Technocracy and Inequality," MPRA Paper 104754, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:104754
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    References listed on IDEAS

    as
    1. Cocioc, Paul, 2000. "Foundations of a revisited concept of perfect competition," MPRA Paper 83955, University Library of Munich, Germany.
    2. Cocioc, Paul, 2014. "Measuring Competition in Romania - Basic Principles and Extensions," MPRA Paper 83552, University Library of Munich, Germany.
    3. Serge Svizzero & Clement Allan Tisdell, 2001. "Concepts of Competition in Theory and Practice," Post-Print hal-02164359, HAL.
    4. G. J. Stigler, 1972. "Perfect Competition, Historically Contemplated," Palgrave Macmillan Books, in: Charles K. Rowley (ed.), Readings in Industrial Economics, chapter 7, pages 105-130, Palgrave Macmillan.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    competition; technocracy; market failure; exclusion; inequality;
    All these keywords.

    JEL classification:

    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General
    • D42 - Microeconomics - - Market Structure, Pricing, and Design - - - Monopoly
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L12 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Monopoly; Monopolization Strategies
    • L41 - Industrial Organization - - Antitrust Issues and Policies - - - Monopolization; Horizontal Anticompetitive Practices

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