Alternative Theories of Competition

Challenges to the Orthodoxy

Jamee K. Moudud, Cyrus Bina, Patrick L. Mason (Florida State University Bates College Florida State University, Tallahassee, FL, USA)

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English

Routledge
01 August 2012

Economic theory & philosophy; Business competition

Series: Routledge Advances in Heterodox Economics

"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 in both the neoclassical and Kaleckian traditions

By 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 many of the authors the growth of the firm is consistent with a heightened degree of competitiveness, as the classical economists and Schumpeter emphasized, and not a lowered one as in the conventional 'monopoly capital' and imperfect competition perspectives.

Contributions by Rania Antonopoulos, Serdal Bahçe, Cyrus Bina, Scott Carter, Benan Eres, Jason Hecht, Jack High, William Lazonick, Andreìs Lazzarini, Fred S. Lee, J. Stanley Metcalfe, Jamee Moudud, John Sarich, Anwar Shaikh, Persefoni Tsaliki, Lefteris Tsoulfidis, and John Weeks."

Edited by: Jamee K. Moudud, Cyrus Bina, Patrick L. Mason (Florida State University Bates College Florida State University, Tallahassee, FL, USA)
Imprint: Routledge
Country of Publication: United Kingdom
Volume: 14
Dimensions: Height: 234mm, Width: 156mm,
Weight: 830g
ISBN: 9780415686877
ISBN 10: 0415686873
Series: Routledge Advances in Heterodox Economics
Pages: 338
Publication Date: 01 August 2012
Audience: College/higher education , Primary , A / AS level
Format: Hardback
Publisher's Status: Active

Patrick L. Mason, Jamee K. Moudud, Cyrus Bina