Wettbewerb und Gesellschaft

Classical economics has failed to adequately describe how markets function because equilibrium curves have never truly reflected the complex reality of economic activity. ”Competition and Society” therefore describes the process of competition as a sequence of ever-changing competitive advantages for its different contestants. Using such a comprehensive theory of competition can help us to analyse the effects of deregulated markets. How are prices and product quality set? Which constraints do enterprises have to consider? Why does competition generate social upheaval? The competitors must follow the rules of the markets and they need to gain competitive advantages, which requires special operations and behaviour from them. Occasionally, these operations and behaviour can influence the development of society negatively, which shows that politics must influence market development.