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Richard Kahn’s short-term economics and the beginnings of oligopoly theory: a contribution to the history of contemporary economic thought

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  • Claudia Heller

Abstract

This article aims to contribute to the history of contemporaneous economicthought. It deals with Richard Kahn’s fellowship dissertation, and its influence on the developmentof the theory of imperfect competition and on the theory of oligopoly. It discussesthe author’s claim of being the first to create the “kinked demand curve” even before thework of the Oxford Economic Research Group was initiated. It also argues that he developeda way of measuring the “degree of monopoly” before Kalecki. JEL Classification: B22; B21; B31.

Suggested Citation

  • Claudia Heller, 1998. "Richard Kahn’s short-term economics and the beginnings of oligopoly theory: a contribution to the history of contemporary economic thought," Brazilian Journal of Political Economy, Center of Political Economy, vol. 18(2), pages 260-277.
    • Handle: RePEc:ekm:repojs:v:18:y:1998:i:2:p:260-277:id:1134
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1134/1119
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    Keywords

    History of economic thought; Richard Kahn; imperfect competition; oligopoly; Keynesianism;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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