The Economics of Imperfect Competition
by ROBINSON, Joan
- Used
- near fine
- Hardcover
- first
- Condition
- Near Fine
- Seller
-
Glendale, California, United States
Payment Methods Accepted
About This Item
Thick octavo, original blue cloth. First edition of Robinson's theory of a middle ground ("imperfect competition") somewhere between monopolies and perfect competition, which would explain unemployment. John Maynard Keynes' biographer relates that Joan Robinson (an ardent disciple of Keynes) "and several others formed a 'circus' which met weekly for the discussion of the Treatise, and R. F. Kahn retailed to Keynes the results of our deliberations… He had a high regard for Mrs. Robinson's intellectual powers" (Harrod, 433). She later focuses on an important point that arose during these weekly discussions: "Keynes visualized too simple and direct a mechanism whereby changes of investment were supposed to react on prices"— a concept she touches upon in her two chapters on "Price Discrimination," along with her famous "marginal revenue curve." Her main premise, however, departs from contemporary economic theory by treating monopolies in given industries as the general case and perfect competition between multiple small firms as a special case. A monopolistic firm could raise prices and lower production without affecting margins, which explained the rampant unemployment in England at the time. "Though she later disparaged Imperfect Competition as 'scholastic' and 'orthodox,' it became the classic exposition of the theory of the firm for decades" (Niehans, 304). Without rare original dust jacket. Wear to extremities of original cloth. A near fine copy displaying some minor rubbing at the spine ends and cover. Now Mylar protected.
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Details
- Bookseller
- Reginald C. Williams Rare Books (US)
- Bookseller's Inventory #
- 306
- Title
- The Economics of Imperfect Competition
- Author
- ROBINSON, Joan
- Format/Binding
- Publisher's blue cloth
- Book Condition
- Used - Near Fine
- Quantity Available
- 1
- Edition
- First Edition
- Binding
- Hardcover
- Publisher
- Macmillan
- Place of Publication
- London
- Date Published
- 1933
- Size
- thick 8vo.
- Weight
- 0.00 lbs
- Keywords
- Economics, Women's studies
- Bookseller catalogs
- NEW arrivals for May 2023;
Terms of Sale
Reginald C. Williams Rare Books
About the Seller
Reginald C. Williams Rare Books
About Reginald C. Williams Rare Books
Glossary
Some terminology that may be used in this description includes:
- Cloth
- "Cloth-bound" generally refers to a hardcover book with cloth covering the outside of the book covers. The cloth is stretched...
- Jacket
- Sometimes used as another term for dust jacket, a protective and often decorative wrapper, usually made of paper which wraps...
- Octavo
- Another of the terms referring to page or book size, octavo refers to a standard printer's sheet folded four times, producing...
- Rubbing
- Abrasion or wear to the surface. Usually used in reference to a book's boards or dust-jacket.
- Fine
- A book in fine condition exhibits no flaws. A fine condition book closely approaches As New condition, but may lack the...
- First Edition
- In book collecting, the first edition is the earliest published form of a book. A book may have more than one first edition in...
- Spine
- The outer portion of a book which covers the actual binding. The spine usually faces outward when a book is placed on a shelf....