Routledge Alternative Theories of Competition - Economics Book

Explore the fundamental debates that shape modern economic policy. This volume from the Routledge Advances in Heterodox Economics series examines the long-standing tension between rival market assumptions. While Keynesian-type policies often rely on the idea of imperfect competition, laissez faire advocates argue that free market policies can eliminate imperfections to restore perfect competition. This book provides a deep dive into these conflicting views by raising critical questions about the nature of market competition. It analyzes the subject through both the neoclassical and Kaleckian traditions, offering a necessary perspective for those studying the history of policymaking and economic theory. It serves as a resource for understanding how different schools of thought interpret market dynamics and influence economic decision-making.