Emporiophobia (Fear of Markets): Cooperation or Competition?

Widespread emporiophobia (fear of markets) has important policy implications, since it leads voters to demand anti‐market policies. There are many reasons for this anti‐market attitude; however, economists could reduce emporiophobia if we stressed cooperation rather than competition in writings and policy discussions. In a sample of introductory textbooks, competition is mentioned on average eight times as often as cooperation. The fundamental economic unit is the transaction, and transactions are cooperative. The benefit of a market economy—increased consumer surplus—comes from cooperation through transactions, not from competition. Competition in a market economy is competition for the right to cooperate. Competition is important because it guarantees that the best cooperators will win and because it establishes the efficient terms for cooperation, but cooperation is fundamental. For most people, competition has negative connotations since it focuses on losers, while cooperation implies a win–win situation. Other implications involve the morality of the market, “giving back,” and characteristics of market failures.     

220KV线路微机保护器的运行与维护

随着220KV微机线路保护的广泛应用,微机线路保护的一些缺陷也开始逐渐显现出来。本文针对微机线路经常出现的一些故障和缺陷,提出了在220kv微机保护运行管理中要注意的一些问题。     

ASYMMETRIC PRICE TRANSMISSION AND MARKET CONCENTRATION: AN INVESTIGATION INTO FOUR SOUTH AFRICAN AGRO-FOOD INDUSTRIES

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