Competition, Monopoly, and Differential Profit Rates

Willi Semmler

118 citations0/0 files storedColumbia University Press eBooks

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

Abstract

Presents a framework for the interpretation of the empirical phenomena of modern industrial and corporate pricing and profits through a reinterpretation of classical and Marxian theories and concepts of long-run prices and profits. Also discusses how modern empirical findings can be reconciled with the classical and Marxian theories of competition, production prices, and average profit rates.

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1990Persistence of profits in the long run 2009The Conversion of the Supply and Use Tables to Symmetric Input-Output Tables: A Critical Review 2013Sraffa’s System in Relation to Some Main Currents in Unorthodox Economics

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