v13n4: Russell on Parallel Competition
Posted: June 4, 2026 Filed under: Uncategorized Leave a comment
“Is the Market Economy a Parallel Competition?” by Hamish Russell
A COMMENTARY ON Shai Agmon, “Two Concepts of Competition,” Ethics 133 (1) (2022): 5–37, https://doi.org/10.1086/720779
Shai Agmon distinguishes between frictional competitions, in which competitors are permitted and encouraged to interfere with each other’s moves, and parallel competitions, which place competitors on separate, non-interacting tracks. He argues that the market economy is a parallel competition, making it importantly different from frictional competitions like the adversary legal system. Here I challenge this argument: it relies too much on general equilibrium theory for real-world applicability. Yet I also defend Agmon’s reluctance to categorise the market as a frictional competition, for blatant interference with competitors is generally an impermissible business strategy. Agmon neglects a third category, strategic competitions, which do not permit interference but do involve a different kind of interaction, namely an iterated anticipation-and-response to competitors’ moves.
To download the full PDF, click here: Russell on Agmon
Hamish Russell is a lecturer in Philosophy at the University of Western Australia.


