| Publication |
2011.
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| Summary/Abstract |
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.
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