Competition and aggregate demand

Nina Shapiro

12 citations0/0 files storedJournal of Post Keynesian Economics

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Economic Theory and Policy Political Economy and Marxism Economic Theory and Institutions

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.

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References

1978The Collected Writings of John Maynard Keynes 1969Theory of Economic Dynamics.1979Maturity and Stagnation in American Capitalism 1994The collected writings of T.E. Hulme 1997Information and Investment 1973Selected Essays on the Dynamics of the Capitalist Economy.1976The Megacorp and Oligopoly 2013Post-Keynesian Price Theory

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2022Unit profit margins along post-Keynesian lines: from Sraffa, Kalecki, Robinson to Eichner, Wood, Harcourt and Kenyon

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