| ID | 108649 |
| Title Proper | Competition in the US free market economy |
| Language | ENG |
| Author | Kessel, Elton |
| Publication | 2011. |
| Summary / Abstract (Note) | Elton Kessel describes the role of competition in a free market economy, contrasting its place in the financial sector as financial firms move from a monopoly position in initiating innovative financial procedures to an oligopolistic position as competitors adopt the same procedures. The motivation is abnormal profits. Enormous profits among a relatively small number of firms have led to political power making it unlikely for states or international organisations to secure legislative control of these firms. |
| `In' analytical Note | World Affairs Vol. 15, No. 4; Oct-Dec 2011: p.52-67 |
| Journal Source | World Affairs Vol. 15, No. 4; Oct-Dec 2011: p.52-67 |
| Key Words | Free Market Economy ; Competition ; Political Power ; International Organisation |