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Competition and aggregate demand

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  • NINA SHAPIRO

Abstract

This paper examines the macroeconomic effects of competition. The Kaleckian view of these effects is considered along with the neoclassical, with special attention paid to the degree of monopoly and its effect on investment. Both the product and price competition of firms are examined, and the macroeconomics consequences of imperfect competition are shown to be quite different than the ones highlighted in economics.

Suggested Citation

  • Nina Shapiro, 2005. "Competition and aggregate demand," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 27(3), pages 541-549.
    • Handle: RePEc:mes:postke:v:27:y:2005:i:3:p:541-549
    DOI: 10.1080/01603477.2005.11051446
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    Cited by:

    1. Nayan, Sabri & Ahmad, Mahyudin & Kadir, Norsiah & Abdullah, Mat Saad, 2013. "Post Keynesian Endogeneity of Money Supply: Panel Evidence," MPRA Paper 48716, University Library of Munich, Germany.
    2. Radhika Balakrishnan & William Milberg, 2019. "Firm innovation and capitalist dialectics: The economics of Nina Shapiro," The Economic and Labour Relations Review, , vol. 30(4), pages 467-477, December.
    3. Mr. Marco Gross & Christoph Siebenbrunner, 2019. "Money Creation in Fiat and Digital Currency Systems," IMF Working Papers 2019/285, International Monetary Fund.

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