Alternative Theories of Competition

Challenges to the Orthodoxy

Business & Finance, Economics, Theory of Economics
Cover of the book Alternative Theories of Competition by , Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9781136241154
Publisher: Taylor and Francis Publication: October 12, 2012
Imprint: Routledge Language: English
Author:
ISBN: 9781136241154
Publisher: Taylor and Francis
Publication: October 12, 2012
Imprint: Routledge
Language: English

The history of policymaking has been dominated by two rival assumptions about markets. Those who have advocated Keynesian-type policies have generally based their arguments on the claim that markets are imperfectly competitive. On the other hand laissez faire advocates have argued the opposite by claiming that in fact free market policies will eliminate "market imperfections" and reinvigorate perfect competition. The goal of this book is to enter into this important debate by raising critical questions about the nature of market competition.

Drawing on the insights of the classical political economists, Schumpeter, Hayek, the Oxford Economists’ Research Group (OERG) and others, the authors in this book challenge this perfect versus imperfect competition dichotomy in both theoretical and empirical terms. There are important differences between the theoretical perspectives of several authors in the broad alternative theoretical tradition defined by this book; nevertheless, a unifying theme throughout this volume is that competition is conceptualized as a dynamic disequilibrium process rather than the static equilibrium state of conventional theory. For almost all the others the growth of firm is consistent with a heightened degree of competitiveness, as both Marx and Schumpeter emphasized, and not a lowered one as in the conventional 'monopoly capital' view.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The history of policymaking has been dominated by two rival assumptions about markets. Those who have advocated Keynesian-type policies have generally based their arguments on the claim that markets are imperfectly competitive. On the other hand laissez faire advocates have argued the opposite by claiming that in fact free market policies will eliminate "market imperfections" and reinvigorate perfect competition. The goal of this book is to enter into this important debate by raising critical questions about the nature of market competition.

Drawing on the insights of the classical political economists, Schumpeter, Hayek, the Oxford Economists’ Research Group (OERG) and others, the authors in this book challenge this perfect versus imperfect competition dichotomy in both theoretical and empirical terms. There are important differences between the theoretical perspectives of several authors in the broad alternative theoretical tradition defined by this book; nevertheless, a unifying theme throughout this volume is that competition is conceptualized as a dynamic disequilibrium process rather than the static equilibrium state of conventional theory. For almost all the others the growth of firm is consistent with a heightened degree of competitiveness, as both Marx and Schumpeter emphasized, and not a lowered one as in the conventional 'monopoly capital' view.

More books from Taylor and Francis

Cover of the book Working With Troubled Men by
Cover of the book Improper Modernism by
Cover of the book Marriage in Changing Japan by
Cover of the book Teaching Physical Education by
Cover of the book Women and Domestic Violence by
Cover of the book Gilles Deleuze by
Cover of the book The Seven Years War in Europe by
Cover of the book Power Politics and the Indonesian Military by
Cover of the book American Industrial Archaeology by
Cover of the book Philosophy in the Time of Economic Crisis by
Cover of the book World Education Research Yearbook 2015 by
Cover of the book Women, Language and Linguistics by
Cover of the book Responsive School Practices to Support Lesbian, Gay, Bisexual, Transgender, and Questioning Students and Families by
Cover of the book European Warfare, 1660-1815 by
Cover of the book Caring for Place by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy