The ethics of competition

Abstract
Exchange is one thing, economic competition another. Exchange is possible without competition; and economic competition (of sorts) is possible without exchange. Put exchange and competition together and, roughly, you get the free market. There are many philosophical discussions of the free market; a sizeable number about free exchange; but - - aside from in the context of consequentialist defences of the market - - who this century has had much to say about economic competition?
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