While traditional price theory has successfully elucidated national income distribution in a perfectly competitive economy, little is known today about the overall working of a noncompetitive economy. This book moves to remedy the imbalance by sketching a general equilibrium the…
Monopolistic competition and effective demand
Microeconomics
by Acemoglu, Daron, LAIBSON, David, List, John A.
fromThe Pearson series in economics
While conventional wisdom dictates that people's trust - in the government, in corporations, in each other - is at a historic low, the rise of the internet is offering new ways to rehabilitate and strengthen trust. Uber is probably the best example of a new company that, on the …
As outrage over the socially damaging practices of technology companies intensifies, this book asks what it actually means to hold a "monopoly" in the tech world and offers an in-depth analysis of how these corporate giants are produced, financialised, and regulated. As technolo…
"As technology companies' practices attract criticism, this book asks what it actually means to hold a 'monopoly' in the tech world, and how it might affect the way in which the companies operate. Combining new and traditional Marxian perspectives, the authors offer an in-depth …