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Alternative Theories of Competition: Challenges to the Orthodoxy

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Alternative Theories of Competition: Challenges to the Orthodoxy

4.85 33,630 ratings · 7,895 reviews
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Overview: 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.

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Book details & editions

ISBN
17054291
Publisher
Routledge
Publication date
October 12, 2012
Pages
361 pages
Reading Options
PDF · EPUB · Mobi
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About the Author
Jamee K Moudud
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Jamee K Moudud writes contemporary fiction and has always been fascinated by character-driven stories. They hold a degree in English Literature and previously worked as an editor before transitioning to writing their own books. Jamee K Moudud lives with their spouse and a very vocal rescue cat.

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Such a rich narrative. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. An absolute must-read for connoisseurs of the genre.
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Honestly one of the most premium reading experiences lately. The author orchestrated a breathtaking finale. Truly a work of art. A true literary gem.
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A profoundly satisfying read. The pacing was impeccable and the characters felt incredibly authentic. I was completely immersed. A true literary gem.
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I thoroughly enjoyed the elegance of it. The middle had a deliberate pace, but the climax was phenomenal. A very distinguished novel.
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