Pioneers of Industrial Organization: How the Economics of Competition and Monopoly Took Shape

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H. W. de Jong, William G. Shepherd
Edward Elgar Publishing, 2007 M01 1 - 352 páginas
. . . this collection should be viewed as a pioneering effort. . . this book would most likely serve as a useful quick reference source for students of industrial economics. It can also serve as a valuable point of departure for those who wish to study in

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Contenido

1 Introduction to market theory and its European pioneers
3
2 Market theory in Europe
6
3 Economists from the German language area nineteenth and twentieth centuries
27
4 Market theory in the Low Countries
56
5 French political economy about industrial matters
80
6 Industrial economics in Italy
95
7 The contributions of three English economists to the development of industrial economics
111
8 Industrial economics in Scandinavia 18801980
126
9 Introduction to the pioneers in North America
147
10 To the 1930s
171
11 The 1930s
194
12 The 1940s and 1950s
211
13 The 1960s to the mid1980s
250
Index
299
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Página 25 - They are led by an invisible hand to make nearly the same distribution of the necessaries of life which would have been made had the earth been divided into equal portions among all its inhabitants ; and thus, without intending it, without knowing it, advance the interest of the society, and afford means to the multiplication of the species.
Página 71 - To widen the market, and to narrow the competition, is always the interest of the dealers. To widen the market may frequently be agreeable enough to the interest of the public ; but to narrow the competition must always be against it...
Página 10 - People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.
Página 10 - The price of monopoly is upon every occasion the highest which can be got. The natural price, or the price of free competition, on the contrary, is the lowest which can be taken, not upon every occasion indeed, but for any considerable time together.
Página 26 - How selfish soever man may be supposed, there are evidently some principles in his nature, which interest him in the fortune of others, and render their happiness necessary to him, though he derives nothing from it except the pleasure of seeing it.
Página 212 - In this respect perfect competition is not only impossible but inferior, and has no title to being set up as a model of ideal efficiency.
Página 10 - But the public would be a gainer, the work of all artificers coming in this way much cheaper to market. It is to prevent this reduction of price, and consequently of wages and profit, by restraining that free competition which would most certainly occasion it, that all corporations, and the greater part of corporation laws, have been established.
Página 194 - The separation of ownership from control produces a condition where the interests of owner and of ultimate manager may, and often do, diverge, and where many of the checks which formerly operated to limit the use of power disappear.
Página 212 - As long as they are not carried into practice, inventions are economically irrelevant. And to carry any improvement into effect is a task entirely different from the inventing of it, and a task, moreover, requiring entirely different kinds of aptitudes.

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