Although we’ve had some interesting developments in the UK energy market
recently, whereby gas suppliers are supposed to have been competing
against each other but have, allegedly, been colluding – a different type
of co-operation, some might argue – thereby breaking the law.

Sorry to muddy the waters.

Bob


On Wed, November 21, 2012 20:37, Anthony Waterman wrote:
> The answer to the second question, I think, is easy. It is because
> 'competition' (under the rule of law) is one of the best ways human
> beings have hit upon for co-operating.
>
> Anthony Waterman
>
>
>
> On 21/11/2012 1:37 PM, Bruce Caldwell wrote:
>
>> Dear SHOE list:
>>
>>
>> I got the following 2 questions from Paul Rubin. Any takers?
>> Question:  When was "competition" first used in economics.  Harder
>> question: Why is the economy called "competitive" when it is actually
>> cooperative? Please answer to the list, and I'll forward the consensus
>> answers (if they emerge) to him. Bruce Caldwell
>>
>>
>>
>