Abstract
Do fully competitive price signals from intense rivalry in the market justify the moral sentiment of laissez-faire? On grounds of distributive justice among risk-takers, the answer has generally been ‘yes’ throughout the history of economic analysis.
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Clifton, J.A. (2018). Competitive Market Processes. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_166
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DOI: https://doi.org/10.1057/978-1-349-95189-5_166
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