The theory of monopolistic competition : a re-orientation of the theory of value / by Edward Hastings Chamberliin

By: Material type: TextTextSeries: Harvard economic studies ; v. 38Publication details: Cambridge : Harvard Universit. Press, 1948.Edition: Sixth editionDescription: xiv, 314 pages : diagrams ; 23 cmSubject(s): DDC classification:
  • 330.162
LOC classification:
  • HB 201 .C5 1948
Contents:
I. Introduction -- II. Value under pure competition -- III. Duopoly and oligopoly -- IV. The differentiation of the product: Monopolistic competition -- V. Product differentiation and the theory of value -- VI. Selling costs vs. production costs -- VII. Selling costs and theory of value -- VIII. Monopolistic competition and the productivity theory -- IX. The difference between monopolistic and "imperfect" competition.
Summary: "The book deals, not with a specific and narrow problem, but with the whole of value theory. Its thesis is that both monopolistic and competitive forces combine in the determination of most prices, and therefore that a hybrid theory affords a more illuminating approach to the study of the price system than does a theory of perfected competition, supplemented by a theory of monopoly. The analytical technique which emerges is distinctive, both from that of the familiar theories of competition and of monopoly, and from any simple compromise between them. A comparison of the conclusions with those of pure competition indicates the economic theory is often remote and unreal, not because the method is wrong, but because the underlying assumptions are not as closely in accord the the facts as they might be." -- preface.
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Holdings
Item type Current library Call number Status Date due Barcode
BOOKS BOOKS Niebyl-Proctor Marxist Library General Stacks HB 201 .C5 1948 (Browse shelf(Opens below)) Not For Loan NPML19050019

Includes mathematical appendices.

Includes bibliographical references (pages 277 - 310) and index.

I. Introduction -- II. Value under pure competition -- III. Duopoly and oligopoly -- IV. The differentiation of the product: Monopolistic competition -- V. Product differentiation and the theory of value -- VI. Selling costs vs. production costs -- VII. Selling costs and theory of value -- VIII. Monopolistic competition and the productivity theory -- IX. The difference between monopolistic and "imperfect" competition.

"The book deals, not with a specific and narrow problem, but with the whole of value theory. Its thesis is that both monopolistic and competitive forces combine in the determination of most prices, and therefore that a hybrid theory affords a more illuminating approach to the study of the price system than does a theory of perfected competition, supplemented by a theory of monopoly. The analytical technique which emerges is distinctive, both from that of the familiar theories of competition and of monopoly, and from any simple compromise between them. A comparison of the conclusions with those of pure competition indicates the economic theory is often remote and unreal, not because the method is wrong, but because the underlying assumptions are not as closely in accord the the facts as they might be." -- preface.

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