 Competition: Classical and NeoclassicalLefteris Tsoulfidis () and Persefoni Tsaliki Chapter Chapter 5 in Classical Political Economics and Modern Capitalism, 2019, pp 197-245 from Springer Abstract: Abstract The classical theory of competition is analysed as a dynamic process of rivalry in the struggle of units of capital (or firms) to gain the largest possible market share for themselves at the expense of their rivals. We argue that the classical dynamic theory of competition is characteristically different from the neoclassical static conception of competition as an end-state, where actual prices and quantities produced are compared to those that would have been established had perfect competition prevailed. In fact, the neoclassical analysis of competition is quantitative in nature for its focus is on the number (manyness or fewness) and also the size of contestants. After a comparison of the two characteristically different conceptualizations of competition, the analysis continues with deriving the laws of classical or real competition between and within industries and their integration with the mediation of regulating capital. Keywords: Classical competition; Neoclassical competition; Inter-industry competition; Intra-industry competition; Regulating capital (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-17967-0_5 Ordering information: This item can be ordered from DOI: 10.1007/978-3-030-17967-0_5 Access Statistics for this chapter More chapters in Springer Books from Springer |
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