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OverviewThis defining and original book explores the history of monopoly power and of its relation to competition, focusing on the innovative contributions of the Italian Marginalists ? Pareto, Pantaleoni, De Viti de Marco and Barone. Manuela Mosca analyses their articulate vision of competition, and the structural and strategic entry barriers considered in their works to enrich existing literature on the history of the sources of market power. The book is not limited to the reconstruction of the elaboration of pure theory, it also highlights its policy implications and how this group applied their theories as cutting-edge experiments in analysing the labour market, socialism, the Great War and gender issues, against the background of the political situation of the period. Monopoly Power and Competition is a vital resource for historians of economic thought, as it explores a relatively untouched area of microeconomics in historical perspective, and reveals the theories surrounding monopoly power and competition. Microeconomists and industrial organisation scholars would similarly benefit from the knowledge of the origins of many microeconomic tools and notions. Full Product DetailsAuthor: Manuela MoscaPublisher: Edward Elgar Publishing Ltd Imprint: Edward Elgar Publishing Ltd ISBN: 9781781003701ISBN 10: 178100370 Pages: 256 Publication Date: 27 July 2018 Audience: Professional and scholarly , Professional & Vocational Format: Hardback Publisher's Status: Active Availability: To order  Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us. Table of ContentsContents: Introduction 1. The sources of monopoly power in the history of economic thought 2. The universal force of competition 3. Monopoly power: competition is never perfect 4. Monopoly power, competition and reality 5. The concept of the state and economic policy Conclusions References Name IndexReviews`Manuela Mosca has worked on the role of monopoly power in the history of economic analysis for the last twenty years. This book contains the upshot of her meticulous and insightful studies of how the problem was dealt with, the focus of attention being on four major Italian authors, Pareto, Pantaleoni, De Viti de Marco and Barone, co-founders of the marginalist school of economics. However, the investigation is not limited to the development of pure theory, it treats also its policy implications and the way these were effectuated against the background of the contemporary political situation. The book contains solid analytical reconstructions, an illuminating politico-historical discourse and is a pleasure to read.' -- Heinz D. Kurz, University of Graz, Austriaâ `This book is an invaluable vaccine against the tendency, all too common in some economic circles, to identify competition with the classroom model of perfectly competitive markets. Mosca highlights the classical economists' vision of competition as an ongoing process, not an equilibrium state, explains the both the importance of potential competition in the classical framework and the way the concept of barriers to entry shapes modern views on the competition process. Her discussion makes clear the central place of vibrant Italian economic scholarship in developing these ideas.' -- Stephen Martin, Purdue University, US `Manuela Mosca offers a fascinating portrait of the generation of economic ideas through interaction among four gifted theorists and friends: Pareto, Pantaleoni, de Viti, and Barone. These four theorists set forth a unique approach to competition and monopoly, and that approach maps nicely onto the growing interest in social complexity.' -- Richard E. Wagner, George Mason University, US Author InformationManuela Mosca, Full Professor, University of Salento (Lecce), Italy Tab Content 6Author Website:Countries AvailableAll regions |
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