Competition and Monopoly in Pre-Keynesian Neoclassicism and the Concepts
of J. Robinson and E. Chamberlin Cover Image

KONKURENCE A MONOPOL V PŘEDKEYNESOVSKÉ NEOKLASICE A KONCEPCE J. ROBINSONOVÉ A E. CHAMBERLINA
Competition and Monopoly in Pre-Keynesian Neoclassicism and the Concepts of J. Robinson and E. Chamberlin

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Author(s): Ilona Bažantová, Jan Horych
Subject(s): Economy
Published by: Vysoká škola ekonomická v Praze
Keywords: Monopoly; imperfect competition; monopolistic competition; competition law

Summary/Abstract: The article describes when and in what form the term “monopoly” appeared in theory.First, attention is paid to A. Smith’s classical political economy and the neoclassicalbinary model of competition and monopoly presented by A. Marshall. Robinson’s modelof imperfect competition and Chamberlin’s model of monopolistic competition of 1933were turning points in economic theory. The article not only highlights the elementsthat were adopted from Marshall and Pigou of the Cambridge Neoclassical School andare common to both theories, but also emphasizes the aspects in which the approachesof Robinson and Chamberlin differ and highlights their contribution to economic theoryand competition law.

  • Issue Year: 70/2022
  • Issue No: 3
  • Page Range: 361-382
  • Page Count: 22
  • Language: Czech