%0 Journal Article
%T Is Competition Necessarily Efficient? An Answer through the History of Neoclassical Theory
%A Ir¨¨ne Berthonnet
%J Review of Radical Political Economics
%@ 1552-8502
%D 2019
%R 10.1177/0486613418764038
%X The paper challenges the idea that neoclassical economics has demonstrated competition¡¯s efficiency. It does so by retracing the history of Pareto¡¯s criterion (in general equilibrium and in modern neoclassical economics), showing that it is only after a few shifts and transformations that it became an ¡°efficiency¡± criterion while it was never called that in Pareto¡¯s work. Widespread belief that competition is efficient is rather the result of ideology than of rigorous neoclassical demonstration. JEL Classification: B13, B21, P1
%K neoclassical economics
%K efficiency
%K ideology
%U https://journals.sagepub.com/doi/full/10.1177/0486613418764038