Abstract
Nowadays everyone is willing to admit that the traditional theory of value based on the assumption of perfect competition is highly unrealistic and that competition in practice is very imperfect. I wish to carry the argument a step further and to maintain that there are logical contradictions in the basic conception of competition as an equilibrium state of affairs.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Editor information
Copyright information
© 1954 International Economic Association
About this chapter
Cite this chapter
Robinson, J. (1954). The Impossibility of Competition. In: Chamberlin, E.H. (eds) Monopoly and Competition and their Regulation. International Economic Association Coference Numbers 1–50. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-08434-0_12
Download citation
DOI: https://doi.org/10.1007/978-1-349-08434-0_12
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-08436-4
Online ISBN: 978-1-349-08434-0
eBook Packages: Palgrave Business & Management CollectionBusiness and Management (R0)