The law of political economy is a contentious ideological field characterised by antagonistic relations between scholarly positions which tend to be either affirmative or critical of capitalism. Going beyond this schism, two particular features appear as central to the law of political economy:...

Competition has become a catchword which divides the world. Some present it as panacea that will solve the current economic crisis. Much in line with Adam Smith, competition is seen as the most effective means to prevent producers from overpricing their products and from delivering poor quality....