To the so-called functions of competition Cover Image

K tzv. funkcím konkurence
To the so-called functions of competition

Author(s): Josef Bejček
Subject(s): Business Economy / Management, Micro-Economics, Political economy, Law on Economics, Business Ethics, Socio-Economic Research, Commercial Law
Published by: Masarykova univerzita nakladatelství
Keywords: competition; economic systems; freedom of contract; market distortions; state intervention; legal frameworks;

Summary/Abstract: The article discusses the role of competition in economic systems, referencing the ideas of Adam Smith and F. A. Hayek. It highlights the importance of maintaining a competitive environment to ensure freedom of contract and prevent economic power concentration. The text argues that competition should be free and unregulated to allow for optimal resource allocation and societal prosperity. It also addresses the potential dangers of both market distortions and excessive state intervention. The article emphasizes the need for legal frameworks to protect competition and ensure fair market conditions. It concludes that competition law should aim to preserve market freedom and prevent monopolistic practices.

  • Issue Year: 4/1996
  • Issue No: 2
  • Page Range: 197-209
  • Page Count: 13
  • Language: Czech
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