Robinson's Economics of Imperfect Competition

  title={Robinson's Economics of Imperfect Competition},
  author={J. Schumpeter and A. J. Nichol},
  journal={Journal of Political Economy},
  pages={249 - 259}
  • J. Schumpeter, A. J. Nichol
  • Published 1934
  • Economics
  • Journal of Political Economy
  • COMPETITION' IT CANNOT be repeated too often that the case of perfect competition owes the fundamental importance which it always had and still has in economic theory to certain properties characteristic of it and neither to any tendency in the facts to conform to it nor any "desirability" of the state of things it depicts. From the beginning of scientific analysis of economic phenomena until comparatively recent times most economists would, it is true, have based the claims of free competition… CONTINUE READING
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