Competition is the concept of competing. Humans are social creatures, thriving on competition and cooperation, from sports, to games, to markets, to mating, to viruses, to the animal kingdom, to systems in entropy striving to conserve energy, the universe is a system of competition and collaboration.


Factoids tagged with "Competition"

The United States Has a Two-Party System Myth

Despite two parties dominating politics due to a majority being needed to win elections, the United States doesn’t officially have a two-party system. Parties aren’t even mentioned in the Constitution.

All Action is Human Action Fact

As Mises said, “all action is human action”. In other words, although we form groups that can indirectly act through consensus, groups themselves aren’t physical entities (and thus they can’t act directly).

Game Theory is the Study of Games Myth

Game theory involves games, but it isn’t the study of games. It is the study of mathematical models of conflict and cooperation regarding decision making.

A Person Can be a “Lone Genius” Myth

A person can be a “lone genius”, but as an essay called “Deconstructing the Lone Genius Myth” points out, genius is in many ways a collective process.

Game Theory is the Science of Strategy Fact

Game theory is “the science of strategy,” a branch of mathematics that studies the strategy, rules, and statistics of decision making games and applies it to other fields.

Money Can Buy Happiness Fact

Money can buy happiness in some ways, and cause unhappiness in others, studies have shown that different types of wealth and income affect happiness and unhappiness in a variety of ways.

Survival of the Fittest, Only the Strong Survive Myth

“Survival of the fittest” means that those who are best adapted to their environment thrive and tend to be favored by evolution due to “natural selection”. It does not mean that “only the most physically strong or mentally strong thrive”.

Blog Posts tagged with "Competition"

Types of Conflict Theories

We explain Marx’s conflict theory and other conflict theories to show how tension between social, political, material, and other forces manifest.

The Importance of Individualism

We discuss the importance of individualism and the complexities involved in balancing the spirit of Individualism with collective responsibility.

The United States as a Concept

The United States can be thought of as a union of diverse and sovereign regions, of sovereign people, who agree on the basic principles of democracy, republicanism, federalism, and liberalism in general.

Understanding Populism

Populism is a broad term that generally describes popular sentiment felt by the working class against the elites. It can look like social conservative nativist right-wing populism or social liberal progressive left-wing populism.

The 2007 – 2009 Financial Crisis Explained

We explain the Financial Crisis / Great Recession of 2007 – 2009 that began with the 2006 housing bubble, led to a recession in the U.S. by December 2007, and became a global crisis by 2009.

Adam Smith as a Moral Philosopher

We explain Adam Smith as a Moral Philosopher, and explore how his Theory of Moral Sentiments connects to his economic theory from The Wealth of Nations.

What is “the Invisible Hand”?

“The invisible hand” is a term used by Adam Smith to describe the theory that self-interest leads to social and economic benefits in a free-market.

Book Reviews tagged with "Competition"