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Rebel Mystic: Toward a Theorization of the Aesthetic and Communicative Dimensions of Reggae and Dub
Unformatted Document Text:  45 The economic system that is probably achievable is what I will call normal competition. Normal competition would be analogous to the normal distributions of power and income. Normal competition would be more desirable than, say, monopolistic competition because in the former, consumers would benefit dearly from lower prices that is possible due to higher level of efficiency in the market. As the market becomes more competitive, most firms in their respective industries would have more or less similar products and prices. One may assume that the number of sellers and buyers will be high in normal competition but not as high as in pure competition, and the number of firms that would make what is called ‘normal profit’ in microeconomics will likely be the majority in the normal distribution curve. Those firms that would come up with innovative ideas and products are likely to sell more than normal profit and they would be located to the right of the mean in the normal curve. And the reverse would be true for those firms that lack competitive edge and ingenuity; they will likely lie to the left of the mean. Moreover, differences in the level of normal profits among firms would, as a result of the increased competitiveness of the market, become smaller and smaller over time. At normal competition, the level of rationality among citizens is likely to be normally distributed. In contrast, in pure competition, which is not likely to exist, the distribution of rationality would be uniform or equal. Thus, it seems logical to assume that in today’s monopolistic competition, rationality is not evenly distributed; in fact, the distribution of rationality may be similar to the distribution of income; it may be skewed toward the upper class. Social scientists, including those firmly in the rational choice school of thought, could perhaps gain by approximating the distribution of rationality with the distribution of income. In other words, instead of assuming that all individuals

Authors: Tracy, James.
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45
The economic system that is probably achievable is what I will call normal
competition. Normal competition would be analogous to the normal distributions of
power and income. Normal competition would be more desirable than, say, monopolistic
competition because in the former, consumers would benefit dearly from lower prices
that is possible due to higher level of efficiency in the market. As the market becomes
more competitive, most firms in their respective industries would have more or less
similar products and prices. One may assume that the number of sellers and buyers will
be high in normal competition but not as high as in pure competition, and the number of
firms that would make what is called ‘normal profit’ in microeconomics will likely be the
majority in the normal distribution curve. Those firms that would come up with
innovative ideas and products are likely to sell more than normal profit and they would
be located to the right of the mean in the normal curve. And the reverse would be true for
those firms that lack competitive edge and ingenuity; they will likely lie to the left of the
mean. Moreover, differences in the level of normal profits among firms would, as a
result of the increased competitiveness of the market, become smaller and smaller over
time. At normal competition, the level of rationality among citizens is likely to be
normally distributed. In contrast, in pure competition, which is not likely to exist, the
distribution of rationality would be uniform or equal. Thus, it seems logical to assume
that in today’s monopolistic competition, rationality is not evenly distributed; in fact, the
distribution of rationality may be similar to the distribution of income; it may be skewed
toward the upper class. Social scientists, including those firmly in the rational choice
school of thought, could perhaps gain by approximating the distribution of rationality
with the distribution of income. In other words, instead of assuming that all individuals


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