The Cost of Competition: An Effort at the Understanding of Familiar Facts (Classic Reprint)

Explore how competition shapes our economy and society, from price to public well‑being.

This book argues that the costs of competition extend beyond markets, touching crime, health, and social behavior. It links growing dissipation in production to broader social trends, inviting readers to reconsider long‑held economic assumptions.

The author builds a case that private ownership and price competition influence not just wealth, but the daily lives of people. By connecting historical data with economic theory, the work challenges readers to think about how policy and culture can reduce waste and improve communal welfare.

• Understand the concept of economic dissipation and how it relates to daily life and national trends.
• See how competition and social factors may align with rising crime and health concerns.
• Learn the historical critique of laissez‑faire thinking and its impact on public policy.
• Explore practical ideas for coordinating production and consumption to reduce waste.

Ideal for readers of economics, social science, and policy, who want a provocative view on what prices and markets do to society.