Makris, Stavros;
(2024)
Competition law in the 21st century - Is Adam Smith still relevant?
Competition Law Insights. Is Adam Smith still relevant?
(In press).
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Abstract
There are numerous voices nowadays advocating for a political economy approach to understanding and regulating markets.1 Markets are – according to these authors – multidimensional economic, historical and societal artifacts that should be analysed and regulated in a similarly multi-layered fashion by using, for instance, complexity economics or other interdisciplinary knowledge.2 In this setting competition law is to move beyond its narrow-minded focus on price-centric metrics, efficiency and consumer welfare; develop a more holistic understanding of the economy; and even take into consideration a multitude of public interest and industrial policy goals.3
| Type: | Article |
|---|---|
| Title: | Competition law in the 21st century - Is Adam Smith still relevant? |
| Publisher version: | https://www.competitionlawinsight.com/competition-... |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher's terms and conditions. |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of Laws |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10198213 |
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