Revista OEconomica

Tudor Constantin BĂLAN - Cycles of Freedom: Are Our Rights Today Permanently Secured, or Are We in a Transitional Phase? The Cases of Great Britain, the United States, and Russia

Marius-Cristian PANĂ, Adela BĂLAN - Economic Freedom and Prosperity: A Comparative Analysis of Welfare Determinants at the International Level

Ana Octavia ALBU - When Accurate Forecasts Still Produce Waste: Demand Shocks and Over-Forecasting Risk in Food Retail

Adrian-Ioan DAMOC - The Persian Pivot and the Reconfiguration of Geopolitical Realism: Iran and Venezuela in Strategic Competition among the United States, China, and Russia

Emmanuel Olusegun STOBER - Coercive Diplomacy in the Gulf and the Limits of the Strike-Forward Strategy: Toward a Middle-Power Coalition for Regional Stability

Sorin-Nicolae CURCĂ - On the Informational Entropy of Economic Shock

Florin DĂNESCU - The Banking Sector as Critical Infrastructure in the Logic of Hybrid Conflict: Post-2014 Legislative Convergence in Central and Eastern Europe and the Case of Romania

Alexandru POPOVICI - The Contribution of the Music Industry to GDP and Employment: A Comparative Analysis

Mohammed AL-NASSERY - Implications of the War in the Middle East: An Analysis of the Economic, Security, Humanitarian, and Political Dimensions

Mihai LĂCĂTUŞ - GDP as a Means, Not an End: Inequality as the Missing Variable in Fiscal Policy Design – A 60-Country Analysis of Economic Growth and Subjective Well-Being

Articles on Issue Theme

Andreas STAMATE-ŞTEFAN

Academia de Studii Economice din Bucureşti

The present work intends to bring few clarifications, hopefully useful, in the general problem of economic competition. As it is probably already known by the reader, most of the XXth century studies on this subject are almost mysteriously dominated by the neoclassical writers\'s (leaders would be one like Paul Samuelson and William Baumol) construction of perfect competition. In a way of speaking, in the field of economic competition, XXth century paid tribute to this vision, where firms have small size and are not able to have a significant impact on prices. Here I oppose the perfect competition model to that of free competition, the latter being the intellectual benchmark of the Austrian School in competition theory. The question is which one is more realistic and coherent for it is these features that can guarantee a rational interpretation of entrepreneur\'s actions in the market.

ŒCONOMICA no. 4/2012

Keywords: perfect competition, free competition, entrepreneurs, property rights, ethics

JEL: B53, D41, D50, L10, L50, P14

To Act or Not to Act? A Short Exposal of a Dispute between Theory and Fiction: Free Competition vs. Perfect Competition

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