Apple and Samsung: rivals or allies?

Apple and Samsung are bitter rivals in the courtroom but the competitive tension between the two is far more complex. It’s a multi-dimensional rivalry and one which requires a different form of analysis.

I recently had a look at this dry and boring lecture by Dr. Israel Kirzner from Feburary 1988 and it got me thinking again about competition and how confusing it can be.

The lecture was in part about how the word “competition” is used by economists with directly opposing meaning from that of the layman and how that leads to confusion about the role of free markets.

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