Competition and aggregate demand

Nina Shapiro

Journal of Post Keynesian Economics, 2005, vol. 27, issue 3, 541-549

Abstract: This paper examines the macroeconomic effects of competition. The Kaleckian view of these effects is considered along with the neoclassical, with special attention paid to the degree of monopoly and its effect on investment. Both the product and price competition of firms are examined, and the macroeconomics consequences of imperfect competition are shown to be quite different than the ones highlighted in economics.

Date: 2005
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DOI: 10.1080/01603477.2005.11051446

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