The Role Of Competition In The Techno-Economic Paradigm On The Market
Two different forms of competition theories can be distinguished: theories that emphasize the equilibrating forces created by competition, and those emphasizing the disequilibrating forces. This difference can be attributed, to the differences regarding the functioning of the market economy: the basic problem here is whether competition should be understood as a static state or a dynamic process. This study aims to analyse the dynamic competition theories by J. A. Schumpeter and neo-Schumpeterians which focus on the dynamic role played by competition through creating disequilibria, endogenous structural change and social transformation as a distinguishing characteristic of the market system. In the first section, after examining the static, neoclassical competition theory, Schumpeter’s theory, which is based on the notion of “creative destruction”, will be discussed. In the second section, the long term fluctuations based on the creative gales of the destruction concept will be examined in the framework of the techno-economic paradigm.
Volume (Year): 57 (2012)
Issue (Month): 193 (April- June)
|Contact details of provider:|| Postal: KAMENICKA 6 - 11000 BEOGRAD|
Phone: (381 11) 302122
Fax: (381 11) 639 560
Web page: http://www.ekof.bg.ac.rs/
More information through EDIRC
|Order Information:|| Web: http://ea.ekof.bg.ac.rs/ Email: |
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Paul J. McNulty, 1967. "A Note on the History of Perfect Competition," Journal of Political Economy, University of Chicago Press, vol. 75, pages 395-395.
- Willi Semmler, 1981. "Competition, Monopoly, and Differentils of Profit Rates: Theoretical Considerations and Empirical Evidence," Review of Radical Political Economics, Union for Radical Political Economics, vol. 13(4), pages 39-52, December.
- Jan Fagerberg, 2003.
"Schumpeter and the revival of evolutionary economics: an appraisal of the literature,"
Working Papers Archives
2003001, Centre for Technology, Innovation and Culture, University of Oslo.
- Jan Fagerberg, 2003. "Schumpeter and the revival of evolutionary economics: an appraisal of the literature," Journal of Evolutionary Economics, Springer, vol. 13(2), pages 125-159, 04.
- Garegnani, Pierangelo, 1984. "Value and Distribution in the Classical Economists and Marx," Oxford Economic Papers, Oxford University Press, vol. 36(2), pages 291-325, June.
When requesting a correction, please mention this item's handle: RePEc:beo:journl:v:57:y:2012:i:193:p:137-150. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Goran Petrić)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.