The Resource Monopolistic competition theory : origins, results, and implications, Jan Keppler
Monopolistic competition theory : origins, results, and implications, Jan Keppler
Resource Information
The item Monopolistic competition theory : origins, results, and implications, Jan Keppler represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of Missouri-St. Louis Libraries.This item is available to borrow from 1 library branch.
Resource Information
The item Monopolistic competition theory : origins, results, and implications, Jan Keppler represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in University of Missouri-St. Louis Libraries.
This item is available to borrow from 1 library branch.
- 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
- Language
- eng
- Extent
- x, 220 pages
- 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
- Isbn
- 9780801848131
- Label
- Monopolistic competition theory : origins, results, and implications
- Title
- Monopolistic competition theory
- Title remainder
- origins, results, and implications
- Statement of responsibility
- Jan Keppler
- 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
- 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
- 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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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.umsl.edu/portal/Monopolistic-competition-theory--origins/DTQibac9UNE/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.umsl.edu/portal/Monopolistic-competition-theory--origins/DTQibac9UNE/">Monopolistic competition theory : origins, results, and implications, Jan Keppler</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.umsl.edu/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.umsl.edu/">University of Missouri-St. Louis Libraries</a></span></span></span></span></div>
