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Monopoly Theory Prior to Adam Smith: A Revision

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  • Raymond de Roover

Abstract

First, I put downe for a Maxime that all Monapolies have bin condemned by all politique men and in all well governed Comonweales, as a cause of all dearth and scarcetie in the same, contrarie to the nature and kinde of all Societies, which first growe into Townes and Cities to lie in safetie and to leve in plentie and cheapnes. — A Discourse of Corporations (1587–89?). I. Introduction, 492. — II. The monopoly theory of the Doctors, 495. — III. Monopoly theory and economic policy, 501. — IV. Post-Scholastic monopoly theories, 508. — V. Conclusions, 522.

Suggested Citation

  • Raymond de Roover, 1951. "Monopoly Theory Prior to Adam Smith: A Revision," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 65(4), pages 492-524.
    • Handle: RePEc:oup:qjecon:v:65:y:1951:i:4:p:492-524.
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    Cited by:

    1. Vikas Kumar, 2012. "Cartels in the Kautiliya Arthasastra," Czech Economic Review, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, vol. 6(1), pages 59-79, March.
    2. Clara Jace, 2019. "An economic theory of economic analysis: the case of the School of Salamanca," Public Choice, Springer, vol. 181(3), pages 375-397, December.
    3. Toms, J.S., 2010. "Calculating profit: A historical perspective on the development of capitalism," Accounting, Organizations and Society, Elsevier, vol. 35(2), pages 205-221, February.
    4. Nicola Giocoli, 2019. "The classical limits to police power and the economic foundations of the Slaughterhouse dissents," Constitutional Political Economy, Springer, vol. 30(4), pages 407-437, December.
    5. Trifilio Sylvain, 2018. "The Economic Theory of the Scholastics as a Contractual Analysis," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 24(1), pages 1-6, June.
    6. World Bank & Organisation for Economic Co-operation and Development, 2017. "A Step Ahead," World Bank Publications - Books, The World Bank Group, number 27527, December.
    7. Sabiou M. Inoua & Vernon L. Smith, 2020. "Adam Smith’s Theory of Value: A Reappraisal of Classical Price Discovery," Working Papers 20-10, Chapman University, Economic Science Institute.
    8. Terence Kealey, 2022. "The Industrial Revolution as a collective action problem: The House of Commons games patents of monopoly, November 1601," Economic Affairs, Wiley Blackwell, vol. 42(3), pages 418-441, October.
    9. Neri Salvadori & Rodolfo Signorino, 2014. "Adam Smith on Monopoly Theory. Making good a lacuna," Scottish Journal of Political Economy, Scottish Economic Society, vol. 61(2), pages 178-195, May.
    10. Carlos Eduardo Suprinyak, 2012. "Dreams of order and freedom : debating trade management early 17th century England," Textos para Discussão Cedeplar-UFMG 457, Cedeplar, Universidade Federal de Minas Gerais.
    11. Congleton, Roger D. & Lee, Sanghack, 2009. "Efficient mercantilism? Revenue-maximizing monopoly policies as Ramsey taxation," European Journal of Political Economy, Elsevier, vol. 25(1), pages 102-114, March.
    12. Carlos Eduardo Suprinyak, 2009. "Merchants and councilors: intellectual divergences in early 17th century British economic thought," Textos para Discussão Cedeplar-UFMG td372, Cedeplar, Universidade Federal de Minas Gerais.
    13. Nicola Giocoli, 2017. "Elevating Competition: Classical Political Economy in Justice Peckham’s Jurisprudence," Journal of Contextual Economics (JCE) – Schmollers Jahrbuch, Duncker & Humblot, Berlin, vol. 137(4), pages 331-370.

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