The economics of imperfect competition
Joan Robinson (Author), Macmillan & Co (Publisher), R. & R. Clark (Firm) (Printer)
"This book sets out to restate the Theory of Value, using as its starting-point a study of the determination of price and output by a single firm acting as a monopolist, and proceeding to the study of groups of firms in competition with each other. The analysis of perfect competition thus emerges as a limiting case of the general theory, and is removed from the dominant position which it occupies in the traditional Theory of Value. The determination of the price of a factor of production is treated by a similar method, and the analysis of wages introduces an examination of the problems of exploitation of labour. The last chapter contains an attempt to solve theoretical problems presented by a world in which every commodity is produced under conditions of monopoly. It is the intention of the writer to develop a technique of analysis which will facilitate the study of those problems of imperfect competition and of the control of output by a few large producers which are becoming increasingly urgent in the economic life of to-day."-- Jacket flap
Print Book, English, 1933
Macmillan and Co., Limited, St. Martin's Street, London, 1933