Tuesday, November 18, 2014

Competition and Scarcity

Competition entails relative scarcity, which is essential to some contexts, e. g. to games in which there can be only one winner.  But, even if widespread, scarcity is a contingent fact in a society, and, obviously, is a deficiency, i. e. with respect to conditions of abundance.  Now, a Philosophy of Economics must be based on Necessity and Ideality, from which Contingency and Imperfection are methodically derived.  Thus, as important a topic Scarcity is, Competition is not, contrary to some popular opinions, an unconditional virtue of an Economic system.

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