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The Impossibility of Competition

In: Monopoly and Competition and their Regulation

Author

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  • Joan Robinson

Abstract

Nowadays everyone is willing to admit that the traditional theory of value based on the assumption of perfect competition is highly unrealistic and that competition in practice is very imperfect. I wish to carry the argument a step further and to maintain that there are logical contradictions in the basic conception of competition as an equilibrium state of affairs.

Suggested Citation

  • Joan Robinson, 1954. "The Impossibility of Competition," International Economic Association Series, in: Edward H. Chamberlin (ed.), Monopoly and Competition and their Regulation, pages 245-254, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-08434-0_12
    DOI: 10.1007/978-1-349-08434-0_12
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    Citations

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    Cited by:

    1. Greß, Stefan & Okma, Kieke & Hessel, Franz, 2001. "Managed competition in health care in the Netherlands and Germany: Theoretical foundation, empirical findings and policy conclusions," Wirtschaftswissenschaftliche Diskussionspapiere 04/2001, University of Greifswald, Faculty of Law and Economics.
    2. Metcalfe, John S. & Ramlogan, Ronnie & Uyarra, E., 2002. "Economic Development and the Competitive Process," Centre on Regulation and Competition (CRC) Working papers 30612, University of Manchester, Institute for Development Policy and Management (IDPM).
    3. John Stanley Metcalfe & Ronnie Ramlogan, 2007. "Competition and the Regulation of Economic Development," Chapters, in: Paul Cook & Raul Fabella & Cassey Lee (ed.), Competitive Advantage and Competition Policy in Developing Countries, chapter 2, Edward Elgar Publishing.
    4. Pavel Sorokin, 2018. "Making Global Sociology in the Context of Neoliberal Domination: Challenges, Ideology and Possible Strategies," Sociological Research Online, , vol. 23(1), pages 21-42, March.
    5. J. E. King, 2000. "Introduction to an Unpublished Note by Nicholas Kaldor & Joan Robinson," Review of Political Economy, Taylor & Francis Journals, vol. 12(3), pages 261-265.

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