Download or read book Welfare & Competition written by Tibor Scitovsky and published by Routledge. This book was released on 2013-11-05 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dealing with general economic theory, other than employment theory, the book discusses the theory of pure and monopolistic competition - with a special emphasis upon welfare aspects. Beginning with an analysis of the consumer and of the individual firm, the main stress is nevertheless placed on the analysis of the economic system as a whole.