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Monopoly Power and Competition - The Italian Marginalist Perspective (Hardcover)
Loot Price: R2,966
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Monopoly Power and Competition - The Italian Marginalist Perspective (Hardcover)
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This defining and original book explores the history of monopoly
power and of its relation to competition, focusing on the
innovative contributions of the Italian Marginalists ? Pareto,
Pantaleoni, De Viti de Marco and Barone. Manuela Mosca analyses
their articulate vision of competition, and the structural and
strategic entry barriers considered in their works to enrich
existing literature on the history of the sources of market power.
The book is not limited to the reconstruction of the elaboration of
pure theory, it also highlights its policy implications and how
this group applied their theories as cutting-edge experiments in
analysing the labour market, socialism, the Great War and gender
issues, against the background of the political situation of the
period. Monopoly Power and Competition is a vital resource for
historians of economic thought, as it explores a relatively
untouched area of microeconomics in historical perspective, and
reveals the theories surrounding monopoly power and competition.
Microeconomists and industrial organisation scholars would
similarly benefit from the knowledge of the origins of many
microeconomic tools and notions.
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