Perfect competition

Definition and stakes

Portrait of Goldwin Smith Goldwin Smith,  Lectures and Essays

“ True, the perfect concord of art and science, like that of religion and science, may be still to come, and come, we hope, both concords will. One word more before we distribute the prizes. A system of prizes is a system of competition, and to competition some object. We can readily sympathise with their objection. Work done from love of the subject, or from a sense of duty, is better than work done for a prize, and, moreover, we cherish the hope that co-operation, not competition, will be the ultimate principle of industry, and the final state of man. ”
Source: Gutenberg

Sir James Steuart,  An Inquiry into the Principles of Political Oeconomy…

“ Now this competition is hurtful, because it is all on one side, and because we have 220supposed the preponderating of the scale of work to be an overturning of a perfect balance, which can by no means be set right, consistently with a scheme of thriving, but by the scale of demand becoming heavier, and re-establishing a double competition. ”
Source: Gutenberg

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