Perfect Competition and the Creativity of the Market

The complete theory of competition cannot be known because it is an open-ended theory; it is always possible that a new range of problems will be posed in this framework, and then, no matter how well-developed the theory was with respect to the earlier range of problems, it may require extensive ela...

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Veröffentlicht in:	Journal of economic literature 2001-06, Vol.39 (2), p.479-535
Hauptverfasser:	Makowski, Louis, Ostroy, Joseph M.
Format:	Artikel
Sprache:	eng
Schlagworte:	Commodities Competition Creativity Economic competition Economic rent Economic theory Efficient markets Marginal products Opportunistic behavior Perfect competition Socialism Studies Trade gains
Online-Zugang:	Volltext
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