• Corpus ID: 55777659

Classical vs. Neoclassical Conceptions of Competition

  title={Classical vs. Neoclassical Conceptions of Competition},
  author={Lefteris Tsoulfidis},
This article discusses two major conceptions of competition, the classical and the neoclassical. In the classical conception, competition is viewed as a dynamic rivalrous process of firms struggling with each other over the expansion of their market shares at the expense of their competitors. This dynamic view of competition characterizes mainly the works of Smith, Ricardo, J.S. Mill and Marx; a similar view can be also found in the writings of Austrian economists and the business literature… 

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