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The Resource Monopolistic competition theory : origins, results, and implications, Jan Keppler

Monopolistic competition theory : origins, results, and implications, Jan Keppler

Label
Monopolistic competition theory : origins, results, and implications
Title
Monopolistic competition theory
Title remainder
origins, results, and implications
Statement of responsibility
Jan Keppler
Creator
Subject
Language
eng
Summary
  • In the 1920s, when the world economy began to show signs of crisis, a number of leading economists questioned the ability of a free-market economy to ensure automatic stability. They were also dissatisfied with the claim of theoretical orthodoxy that a firm's output was limited by its production costs rather than by consumer demand
  • Economists such as Piero Sraffa, Joan Robinson, and Edward Chamberlin thus began to develop monopolistic competition theory in order to raise theory's empirical relevance as well as its analytical sharpness
  • Economist Jan Keppler traces the development of monopolistic competition theory within the context of the political, economic, and historical developments of its time. With its combination of theoretical progress, intuitive realism, and the ability to address the pressing problems of economic instability and unemployment, monopolistic competition theory became the generally accepted foundation of microeconomic reasoning in the 1930s
  • It provided, at times, arguments for market intervention and income redistribution
  • After World War II, monopolistic competition theory proved to be vulnerable to the methodological criticisms of the Chicago school's Milton Friedman and George Stigler (due to its inability to cope with the new demands of mathematical tractability of comparative equilibrium economics) and was largely abandoned
  • Most recently, though, a series of new approaches has drawn increased attention to the ability of monopolistic competition theory to combine practical relevance and theoretical elegance in explaining the real economy
Cataloging source
DLC
http://library.link/vocab/creatorName
Keppler, Jan
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
Monopolistic competition
Label
Monopolistic competition theory : origins, results, and implications, Jan Keppler
Instantiates
Publication
Bibliography note
Includes bibliographical references (pages [197]-211) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
pt. 1. Introduction. Ch. 2. Elements of Monopolistic Competition Theory -- pt. II. Historical and Ideological Background. Ch. 3. Germany. Ch. 4. Italy. Ch. 5. Great Britain. Ch. 6. The United States -- pt. III. The Development of Monopolistic Competition Theory. Ch. 7. Origins. Ch. 8. Sraffa and Young. Ch. 9. Consequences. Ch. 10. A First Synthesis. Ch. 11. Discussion and Refinement. Ch. 12. A Loss in Vigor. Ch. 13. Ending without Conclusion -- pt. IV. The Synthesis That Never Was: Keynesianism and Monopolistic Competition Theory. Ch. 14. Issues. Ch. 15. Modern Perspectives. Ch. 16. The Riddle of Keynes's Microeconomics. Ch. 17. How the Chance Was Missed: Keynesians after Keynes -- pt. V. The Legacy. Ch. 18. Political Legacy. Ch. 19. Theoretical Legacy
Control code
29519855
Dimensions
24 cm
Extent
x, 220 pages
Isbn
9780801848131
Isbn Type
(acid-free paper)
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
(WaOLN)1600211
Label
Monopolistic competition theory : origins, results, and implications, Jan Keppler
Publication
Bibliography note
Includes bibliographical references (pages [197]-211) and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
pt. 1. Introduction. Ch. 2. Elements of Monopolistic Competition Theory -- pt. II. Historical and Ideological Background. Ch. 3. Germany. Ch. 4. Italy. Ch. 5. Great Britain. Ch. 6. The United States -- pt. III. The Development of Monopolistic Competition Theory. Ch. 7. Origins. Ch. 8. Sraffa and Young. Ch. 9. Consequences. Ch. 10. A First Synthesis. Ch. 11. Discussion and Refinement. Ch. 12. A Loss in Vigor. Ch. 13. Ending without Conclusion -- pt. IV. The Synthesis That Never Was: Keynesianism and Monopolistic Competition Theory. Ch. 14. Issues. Ch. 15. Modern Perspectives. Ch. 16. The Riddle of Keynes's Microeconomics. Ch. 17. How the Chance Was Missed: Keynesians after Keynes -- pt. V. The Legacy. Ch. 18. Political Legacy. Ch. 19. Theoretical Legacy
Control code
29519855
Dimensions
24 cm
Extent
x, 220 pages
Isbn
9780801848131
Isbn Type
(acid-free paper)
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
(WaOLN)1600211

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